KIEV and ST. LOUIS - Nov 15, 2017 - Kyivstar, the largest mobile service provider in Ukraine, together with Amdocs, a leading provider of software and services to communications and media companies, today announced a strategic collaboration targeted to broaden Kyivstar's innovative approach and widen the telecom operator's portfolio of best-in-class products and services for its 26,4 million subscribers. The announcement was made in conjunction with the annual Amdocs Innovation Week.
"Innovations are among the top priorities for Kyivstar as they are a part of our transformation strategy of combining both telco and tech," said Peter Chernyshov, CEO of Kyivstar. "We are excited to explore new technological frontiers with Amdocs and we are sure that both parties will benefit from our partnership. Areas we plan to focus on include customer interaction, IoT and enterprise applications."
Kyivstar aims to alter the perception of mobile operators as providers of mobile services and data traffic. The goal is to speed up Kyivstar's transformation into a technological company that provides a full range of products and services to customers. Kyivstar is looking for new ideas inside the company by holding hackathons for employees, helping Ukrainian startups develop their ideas into products by arranging Telecom accelerators, and now – with Amdocs – by searching and scouting for innovative solutions on global scale.
"We have decided to expand our cooperation with Amdocs, due to its high quality expertise in telecom, including such key areas like machine learning and artificial intelligence, cloud, microservices and DevOps," explained Chernyshov.
Under the agreement, Amdocs will provide Kyivstar with the necessary support to introduce innovative solutions to its subscribers and enterprise customers through fast innovation sprints that cover the full cycle, from ideation, validation and experimentation, all the way to commercialization. Building on Amdocs' design-thinking approach to product development and consulting practices, which stipulates that solution development should begin with the end user's needs in mind, Amdocs will work with Kyivstar to broaden its practices in design-thinking and to identify customer-centric solutions that can deliver new value to its markets.
"Ukraine is a renowned programming powerhouse and we are excited to be working hand in hand with Kyivstar to bring new value to end users in this dynamic market," said Anthony Goonetilleke, group president of Amdocs Technology. "It's a strong triangle: Kyivstar bringing the end-user perspective and its view of innovation taking place in its market, Amdocs sharing the perspective of thousands of service ideas from our global customer footprint, and our wide ecosystem of partners, ranging from promising startups, well-established organizations and leading academic institutions, bringing their innovations. Combined, we can turn good ideas into scalable, commercial propositions, quickly. More and more carriers around the world are working with us to create such innovation triangles. We call this innovation in practice."
Amdocs today supports Kyivstar's customer engagement platform, prepaid billing operations and inventory management with different digital, business and operational support systems previously deployed.
Amdocs Innovation Week is an annual global event targeted to nurture new ways of thinking and celebrate innovation throughout Amdocs. This year's focus is consumerism and design-led, customer-centric innovation. A 24-hour hackathon ended today in which more than 1,200 Amdocs employees across 15 countries and 5 continents were challenged to create consumer apps reaching one million users.
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Amdocs is a leading software and services provider to the world's most successful communications and media companies. As our customers reinvent themselves, we enable their digital and network transformation through innovative solutions, delivery expertise and intelligent operations. Amdocs and its 25,000 employees serve customers in over 85 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $3.9 billion in fiscal 2017. For more information, visit Amdocs at www.amdocs.com.
Amdocs' Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2016 filed on December 1 2 , 201 6 and our quarterly 6-K form furnished on February 13, May 22 and August 14, 2017.
Kyivstar is an Ukrainian telecommunications operator providing communications and data services based on a broad range of mobile and fixed-line technologies, including 3G. The company's customer base amounts to 26.4 million in mobile connections and over 800 thousand in fixed Internet.
Kyivstar has been working in Ukraine for 20 years, and is one of the largest taxpayers and one of the best employers in the country. In 20 years, Kyivstar has transferred over UAH 50 billion in taxes to the country's budget, and has invested more than UAH 35 billion in the development of telecommunications infrastructure in Ukraine.
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