- In June 2024, Wavelo, a leading software company focused on modernizing telecommunications operations, unveiled a groundbreaking product catalog designed to offer a significant competitive edge to communication service providers globally. This innovative solution aims to enhance customer acquisition and retention strategies. While product catalogs are a standard tool in the telecommunications industry, Wavelo’s offering sets a new industry benchmark with its system-agnostic, flexible, and turnkey design. This advancement is particularly relevant to the global telecom billing outsourcing market, as the ability to quickly update and integrate product catalogs enhances the efficiency of billing and revenue management processes
- In October 2023, UST a leading provider of digital transformation solutions, announced a strategic investment in VoerEir, a Swedish software company specializing in advanced solutions for testing, benchmarking, and certifying both physical and virtual networks for Communications Service Providers (CSPs). This investment strengthens UST's ability to deliver DevSecOps services tailored to network engineering in the 5G era. This move holds particular relevance to the global telecom billing outsourcing market, as the integration of advanced network management solutions, such as VoerEir’s Touchstone platform, directly impacts the efficiency and accuracy of telecom billing processes
- In March 2023, Spectrum Enterprise, a national provider of scalable fiber technology solutions and a division of Charter Communications, announced the expansion of its partnership with Netcracker Technology. As part of this strategic collaboration, Spectrum Enterprise has selected Netcracker’s Revenue Management solution to streamline its operations, enabling the company to serve customers through a unified billing platform. This development is highly relevant to the global telecom billing outsourcing market, as it highlights the increasing demand for integrated, end-to-end billing solutions that enhance operational efficiency for telecommunications providers
- In October 2022, Ericsson entered into a strategic partnership with Jio to support the development of India’s first stand-alone 5G network, marking a significant milestone in the country’s journey toward digital leadership. Jio’s deployment of a stand-alone 5G infrastructure represents a major technological advancement, enabling the modernization of network architecture to deliver a next-generation, high-speed, low-latency 5G experience for both consumers and enterprises across India. This initiative holds substantial relevance to the global telecom billing outsourcing market, as the transition to 5G stand-alone networks introduces increased complexity in billing operations due to new service models, usage patterns, and monetization strategies
- In May 2024, Ooredoo, a leading multinational telecommunications provider based in Qatar, announced the extension of its strategic partnership with Netcracker, a prominent player in telecom billing and revenue management solutions. As part of this collaboration, Ooredoo continues to leverage Netcracker’s managed services and comprehensive digital Business Support Systems (BSS) suite to enhance its operational efficiency and customer experience across its markets. This partnership is highly relevant to the global telecom billing outsourcing market, as it underscores the growing trend among telecom operators to outsource complex billing and revenue management functions to specialized providers
