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February 13, 2007
BARCELONA -- VeriSign, Inc. (Nasdaq: VRSN), the leading provider of digital infrastructure for the networked world, today announced that Iraqi based Al Mazaya Telecommunications chose VeriSign PrePayIN to support its prepay service in Iraq. The new service, which is scheduled to launch in the first half of 2007, is the first installation of PrePayIN in the Middle East.
"VeriSign PrePayIN allows us to launch feature-rich prepay wireless service to Iraq and provide a superior customer experience to millions of users," said Mr. Alaa Sami Kazim, Chairman of Al Mazaya Telecommunications. "In addition to enabling us to compete in the growing Iraqi prepay market by offering next-generation services, this solution allows us to accurately bill customers in real-time."
Al Mazaya Telecommunications will use PrePayIN rating flexibility to deliver targeted plans for voice and short message services (SMS), popular in the Middle East. The real-time billing will provide customers with detailed, up-to-date usage information and account status. The service will also allow carriers to bill for new services, including next-generation content and data services such as streaming video, file transfer and multimedia message services (MMS).
"For service providers to expand into new markets and grow their subscriber base, they must be able to offer accurate billing services combined with content that customers demand," said Kevin Bresnahan, director, VeriSign Prepaid Product Management. "Our solution allows Al Mazaya Telecommunications to expand into its target market of Iraq and offer more services and plans that can be rated, billed and delivered -- anywhere, anytime."
The prepaid market has experienced steady growth in the Middle East. According to the Yankee Group's recent report, "Global Mobile Premium Forecast, September 2006," total prepaid market revenue is forecasted to grow from 1.7 million Euros in 2003 to over 6.9 million Euros by the year 2010.
VeriSign's current prepay services support more than 30 million subscribers worldwide. VeriSign offers one of the world's broadest and most comprehensive portfolio of next-generation communications, commerce and content solutions.
VeriSign Inc. (Nasdaq: VRSN)
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