Billing software developer Amdocs Ltd. (NYSE: DOX) has signed a four-year managed services agreement with Deutsche Telekom AG unit T-Mobile UK.
T-Mobile is one of the world's largest mobile operators, with 16.7 million customers in the UK and more than 148 million customers worldwide.
Amdocs will manage the ongoing development, maintenance and support of T-Mobile UK's billing, customer care, and ordering systems. Amdocs will also modernize T-Mobile UK's ordering system.
T-Mobile UK IT director Dirk Rohweder said, "This is a significant milestone towards a new approach to working with strategic IT suppliers and moving to a highly efficient managed services model in the customer relationship management domain."
T-Mobile UK already was an Amdocs customer.
Shares in Amdocs closed at $19.94 yesterday, giving a market cap of $4.07 billion.
Published by Globes [online], Israel business news - www.globes-online.com - on July 8, 2009
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