Amdocs wins eight-year Sprint Nextel contract

Following the announcement, shares in Amdocs rose 2.2% to $31.07 in morning trade on the NYSE.

January 19, 2006 06:53
2 minute read. (photo credit: )


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


Amdocs has won a contract from Sprint Nextel Corp., to provide a single billing and customer care platform for the US telecommunications giant, gaining favor over competitor Convergys for the lucrative deal. The companies did not disclose financial details of the eight-year agreement. "We have selected Amdocs to support Sprint Nextel because of its extensive experience in the industry and their ability to adapt to our customers' changing needs," said Dick LeFave, chief information officer for Sprint Nextel. "Amdocs will continue to provide Sprint Nextel with a robust billing solution and will enhance our customer experience at critical touch points such as customer care, sales and billing." Under the agreement, Amdocs' platform would provide Sprint Nextel customer care representatives with real-time access to account information for all subscribers on both the Sprint PCS and Nextel networks. Sprint Nextel said it expects to start making the conversion during 2006 after a definitive agreement has been signed with Amdocs. It expects the conversion to be complete in 2007. Following the announcement, shares in Amdocs rose 2.2 percent to $31.07 in morning trade on the New York Stock Exchange. The contract, to provide the billing software application for Sprint Nextel's 46.5 million wireless subscribers, has been the subject of much speculation in the market after Sprint and Nextel agreed to merge in December 2004. While Nextel has been a client of Amdocs since 2000, Sprint had, until now, been working with its biggest competitor Convergys since 1996. The contracts were big revenue winners for both companies and the announcement was expected to have an effect on future earnings. Amdocs was scheduled to release its end of year results after press time.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection