TTI Telecom Responds to Media Reports
May 20 2010 - 6:56AM
TTI Team Telecom International Ltd. (Nasdaq:TTIL), a global
supplier of Operations Support Systems (OSS) to communications
service providers, announced today in response to a media report in
Israel regarding a potential transaction involving the Company,
that it is currently in negotiations regarding a potential
acquisition of all the shares of the Company.
There can be no assurance as to whether any transaction of this
nature will be consummated, and if consummated what the terms
thereof, including price, would be.
About TTI Telecom
TTI Team Telecom International Ltd. ("TTI Telecom") is a leading
provider of next generation Operations Support Systems (OSS) to
communications service providers worldwide. The Company's Netrac
portfolio delivers an automated, proactive and customer-centric
approach to service assurance and network management.
Anchored by market-leading service assurance solutions -- Fault
Management (FaM) and Performance Management (PMM) -- that give
customers an end-to-end view of their network, TTI Telecom's Netrac
enables service providers to reduce operating costs, enhance
profitability and launch new, revenue-generating services more
rapidly. Netrac is compatible with multiple technologies and
industry standards, and is uniquely positioned to bridge legacy,
next-generation, convergent, and IMS Networks. TTI Telecom's
customer base consists of tier-one and tier-two service providers
globally, including large incumbents in the Americas, Europe and
Asia-Pacific.
For more information, please visit www.tti-telecom.com
CONTACT: TTI Telecom
Rebecca (Rivi) Aspler, Investor Relations Manager
+972-3-926-9093
Mobile: +972-54-777-9093
Fax: +972-3-926-9574
rebecca.aspler@tti-telecom.com
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