Amdocs, a provider of software and services to communications and media companies, has announced that KT Corporation, the largest quad-play service provider in South Korea, is using Amdocs’ Service Monetization and Convergent Charging solution for one of the world’s first 5G commercial services, launched recently. The future-ready Amdocs Service Monetization solution was initially deployed to support KT 4G services and is now supporting KT 5G services. As a result, KT is able to launch and monetize new and innovative services faster, accelerating the adoption and growth of 5G services.
With the successful launch of one of the world’s first 5G services, KT is able to offer faster communication services with low latency to both enterprises and consumers. This will drive adoption of innovative use cases around new verticals such as connected cars, IoT, e-health, robotics, gaming and much more. Amdocs’ Monetization solution leverages convergent charging capabilities including distributed architecture to accelerate monetization of these new services —from creation of novel offers to streamlined charging for both consumers and enterprises.
“The future is here and live, with KT becoming one of the pioneers in 5G commercialization with faster data rates and an array of compelling services that lead the market,” said Anthony Goonetilleke, group president of Media, Network and Technology, Amdocs. “With 5G supporting new types of services such as e-sports streaming, high-speed online gaming, and augmented and virtual reality services and apps, service providers need to quickly develop new use cases, launch and monetize them to attract consumers by delivering an experience which is unprecedented. We are moving into a time where the monetization and service relationship for service providers is demanding greater flexibility in payment mechanisms, bundling, loyalty, third-party packaging, advertising and other innovative customer engagement initiatives.”