VimpelCom-Backed Mobile Operator Sotelco Uses Comverse ONE Billing Platform to Enter Cambodian Market

Comverse announced today that Sotelco, a new Cambodian mobile operator, has launched the Comverse^® ONE^™ Billing and Active Customer Management^™ solution to support prepaid and postpaid subscribers and roll out bundled multi-play service offerings.

Sotelco, whose majority owner is VimpelCom Group (NYSE: VIP), also will implement Comverse's voice and messaging services from the Comverse HUB, including SMS, MMS, ringback tones, call completion services, and management of mobile data services.

"The commercial start under the Beeline brand in Cambodia is an important stage in the international development of VimpelCom following our success in Russia and CIS,” said Vladimir Riabokon, Executive Vice-President, VimpelCom. "Following the successful deployment of Comverse ONE at Sotelco, we strongly consider the opportunity to work with Comverse to expand this platform to additional affiliates and markets in the region.”

Comverse ONE Billing and Active Customer Management is a comprehensive Business Support System (BSS) solution that saves operators time and money because convergent billing, order management and customer management are built around the same data model, thereby removing integration points and speeding deployment times. This approach allows operators to support new business models, and is scalable to meet evolving business needs and phased transformation goals.

"Comverse ONE is ideally suited for all types of carriers,” said Urban Gillstrom, Group President of Global Sales at Comverse, the world's leading supplier of software and systems enabling value-added messaging and content services, converged billing and active customer management, and IP communications. "While it’s a perfect enabler for greenfield operators,” he said, "its advanced architecture supports the business and technical requirements of Tier-1 operators, such as VimpelCom.”

Comverse Global Services helped to deploy the Comverse ONE solution at Sotelco, acting as the main service delivery partner for the project

About Sotelco

Sotelco LTD is the subsidiary of the VimpelCom Group. In July 2008 VimpelCom announced that it had acquired a 90 percent stake in the Cambodian company Sotelco, which holds a GSM 900/1800 license and related frequencies for the territory of Cambodia. The transaction was consummated through the purchase of 90 percent of Sotelco’s parent company, Atlas Trade Limited, for US$28 million from VimpelCom’s largest shareholder Altimo. The remaining 10 percent of Atlas will stay with a local partner, a Cambodian entrepreneur. VimpelCom has also acquired a call option to purchase the 10 percent interest of the local partner for market value at the date of exercise of the option.

About VimpelCom

The VimpelCom Group consists of telecommunications operators providing voice and data services through a range of mobile, fixed and broadband technologies. The Group includes companies operating in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia, Armenia, as well as Vietnam and Cambodia, in territories with a total population of about 340 million. VimpelCom was the first Russian company to list its shares on the New York Stock Exchange ("NYSE"). VimpelCom's ADSs are listed on the NYSE under the symbol "VIP."

About Comverse

Comverse is the world’s leading provider of software and systems enabling value-added services for voice, messaging, mobile Internet and mobile advertising; converged billing and active customer management; and IP communications. Comverse’s extensive customer base spans more than 130 countries and covers over 500 communication service providers serving more than two billion subscribers. The company’s innovative product portfolio enables communication service providers to unleash the value of the network for their customers by making their networks smarter. Comverse’s solutions support flexible deployment models, including in-network, hosted and managed services, and can run on circuit-switched, IP, IMS or converged network environments. Comverse is a subsidiary of Comverse Technology, Inc. (CMVT.PK). For more information, visit www.comverse.com.

All product and company names mentioned herein may be registered trademarks or trademarks of Comverse or the respective referenced company(s).

This release contains "forward-looking statements” under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that any forward-looking statements will be achieved. Important factors that could affect the statements contained herein include: changes in the demand for the company’s products; changes in capital spending among the company’s current and prospective customers; the risks associated with the sale of large, complex, high capacity systems and with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either the company or its competition; and risks associated with rapidly changing technology and the ability of the company to introduce new products on a timely and cost-effective basis. The company undertakes no commitment to update or revise forward-looking statements except as required by law.