PRESS RELEASE

Openet Telecom Launches FusionWorks Wireless at 3GSM World Congress 2002

February 19, 2002 - Openet

19 February 2002 Openet Telecom; [3GSM World Congress 2002, Cannes, France] Openet Telecom, world leader in convergent mediation, announces the launch of FusionWorks™ Wireless to the wireless community at the 3GSM World Congress, Hall 1 Stand B22.

Openet can also be seen at the CISCO Mobile Multi-Media Gateway demo centre, Hall 2 D51 - ask to see the Cisco/Openet demonstration of IP content billing with the Cisco Content Services Gateway and FusionWorks™ Wireless.
 
"The telecoms and particularly the wireless industry have faced a very difficult year. Financial performance has become an increasingly major concern for wireless operators, particularly following their investment in UMTS licenses and infrastructure," stated Barry Murphy, CEO of Openet Telecom. "Launching FusionWorks™ Wireless at 3GSM highlights Openet's continued commitment to supporting the wireless industry with a solution that tackles their specific business issues, allowing them to rapidly improve their profitability."
 
FusionWorks™ Wireless combines the award winning FusionWorks™ Mediation platform and FusionWorks™ Pre-paid solution to form a solid foundation for the implementation, management and billing of advanced value-added services for traditional and next generation wireless networks in a pre-paid or post-paid manner. FusionWorks™ Pre-paid is currently being deployed with two tier-1 operators within Europe.
 
Scheduled briefings with senior Openet personnel are available on 19, 20, 21 and 22 February. To arrange a meeting, customers should contact Andrew Court on 00 44 7740 404504, media and analysts should contact Jenny Potts on 00 44 7808 726247. Alternatively approach on-stand personnel who will be happy to help.

About Openet
 
Openet is a leading worldwide provider of event processing and transaction management solutions. The Transactional Intelligence of the company's solutions extracts increased value from diverse service provider networks, enabling rapid introduction of new services and reliable, cost-effective management of existing services. Openet is focused on delivering best-in-class network edge solutions and specialized engagement processes that create business value from network activity. A global company, Openet's implementations include long-running engagements with the world's leading service providers such as British Telecom, Orange, AT&T and Verizon Wireless. For more information, visit www.openet.com.
 

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