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South Korea’s Largest Wireless Operator Capitalizes on VeriSign’s Regional Investments
CommunicAsia, Singapore, 21 June 2006 – VeriSign, Inc. (Nasdaq: VRSN), the leading provider of intelligent infrastructure services for the Internet and telecommunications networks, today announced that SK Telecom, a member of the SK Group and the number one wireless communications provider in South Korea, has signed a multi-year contract to use VeriSign’s regional networking services.
SK Telecom will be the third major provider in the region using VeriSign’s intelligent infrastructure services, including the VeriSign Signaling System 7 (SS7) network, Intelligent Message Processor and Roamer View services. The solutions will enable the operator to expand its network, increase route diversity and enable advanced roaming services.
VeriSign also announced that it is investing in two new operations centers in Tokyo and Osaka, Japan and establishing local Signaling Transfer Points (STP) and Signaling Control Points (SCP) to extend its SS7 network from the Americas to Asia. The STPs will enable local call traffic to be handled within the region instead of across trans-Atlantic networks. The SCPs will run VeriSign’s Intelligent Message Processor applications to support advanced roaming features.
“SK Telecom chose VeriSign for the company’s service, quality and reliability and commitment to the Asian market. We wanted network traffic handled locally. By using VeriSign’s highly redundant, regional signaling infrastructure in Asia, we can improve performance, reliability and customer satisfaction, while reducing operating costs and overhead,” said Yeong Ahn Kim, general manager of SK Telecom’s global roaming department.
The operator will also be using VeriSign Roamer View to get real-time, simultaneous visibility into all voice and data roaming messages through a single interface. The solution has superior diagnostic and reporting capabilities that help customer service departments troubleshoot and resolve roaming issues.
“We are pleased to be working with SK Telecom, a leader in Asia and the CDMA community. As VeriSign expands into one of the fastest growing, most innovative regions, SK Telecom is among the first to use VeriSign’s managed communications services to create efficiencies, revenues and customer loyalty,” said Marshall Towe, vice president for Asia Pacific, VeriSign Communications Services.
VeriSign operates the largest private SS7 network in the Americas with access to more than 500 carriers, with reach into 200 countries. The network supports SIGTRAN, SIP, ENUM, GSM and ANSI-41 and other protocols and provides access to multiple intelligent database services that wireline and wireless providers can use to maximize the value of IP and switch-based networks.
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About VeriSign
VeriSign, Inc. (Nasdaq: VRSN),
operates intelligent infrastructure services that enable and protect
billions of interactions every day across the world’s voice and data
networks. Additional news and information about the company is available
at www.verisign.com.
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All rights reserved.
For More Information
VeriSign Media Relations: Lori Sinsley, lsinsley@verisign.com,
650-426-4716
VeriSign Investor Relations: Tom McCallum, tmccallum@verisign.com,
650-426-3744
Forward Looking Statement
Statements in this announcement other than historical data and information
constitute forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These statements involve risks and uncertainties
that could cause VeriSign's actual results to differ materially from
those stated or implied by such forward-looking statements. The potential
risks and uncertainties include, among others, the uncertainty of future
revenue and profitability and potential fluctuations in quarterly operating
results due to such factors as increasing competition and pricing pressure
from competing services offered at prices below our prices and market
acceptance of our existing services, the inability of VeriSign to successfully
develop and market new services and the uncertainty of whether new services
as provided by VeriSign will achieve market acceptance or result in
any revenues. More information about potential factors that could affect
the company's business and financial results is included in VeriSign's
filings with the Securities and Exchange Commission, including in the
company's Annual Report on Form 10-K for the year ended December 31,
2005 and quarterly reports on Form 10-Q. VeriSign undertakes no obligation
to update any of the forward-looking statements after the date of this
press release.