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Mer Telemanagement Solutions Ltd. (MTSL) Signs $2.5 Million Agreement with U.S. Based Mobile Virtual Network Operator for Mobile Billing and Customer Care

|Includes: MER Telemanagement Solutions Ltd. (MTSL)

Mer Telemanagement Solutions (NYSE:MTS) Ltd., an Israeli Company that provides global business support systems (BSS) for comprehensive telecommunication management, telecommunications expense management (TEM) solutions and customer care & billing (CC&B) solutions, today announced that a large U.S. based Mobile Virtual Network Operator (MVNO) has extended their contract through 2012 for MTS’s MVNO customer care and billing solution . MTS Telecommunications expense management solutions are used by thousands of organizations to ensure their telecommunication services are acquired, provisioned and invoiced correctly.

“The MVNE and Wireless Management business continues to grow and we managed to extend our contract through the end of 2012 with a large MVNO in the U.S., which provides for minimum total revenues of $2.5 million,” said Eytan Bar, Chief Executive Officer, in a press release. “Our MVNO Billing and TEM Suite solutions provide our customers with a scalable, end-to-end portfolio of telecom expense management and billing solutions and services.”

MTS’s solutions for Information and Telecommunication Service Providers are used worldwide by wireless and wireline service providers for interconnect billing, partner revenue management and for charging and invoicing their customers. MTS’s MVNO Billing Solution offers any MVNE (Mobile Virtual Network Enabler) the opportunity to seamlessly extend and adapt their operations to support multiple virtual networks and their subscribers in any market regardless of their location and localization requirements.

MTS also offers a full suite of Telecom Expense Management (TEM) software solutions and services. The TEM Suite software, consulting and managed services solutions allows professionals at all levels of an organization to have access to concise, actionable data.

For more information, please visit the MTS website at mtsint.com

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