Expands and Extends Contract for Residential Billing Services through
June 30, 2019
ENGLEWOOD, Colo.--(BUSINESS WIRE)--
CSG Systems International, Inc. (NASDAQ: CSGS), a global provider of
interactive transaction-driven solutions and services, today announced
that it has expanded and extended its relationship with Comcast Cable to
provide residential billing services through June 30, 2019.
Currently, CSG provides its end-to-end, pre-integrated customer care and
billing solution to approximately two-thirds of Comcast's existing
residential customers. The expanded contract provides the framework for
Comcast to consolidate its residential business onto CSG's billing
solution. Initially under the new agreement, Comcast plans to add
approximately 2.3 million residential customers onto the CSG billing
solution in early 2015, with the opportunity for additional customer
account migrations to CSG as part of any future consolidation or
standardization.
"We are extremely pleased with Comcast's decision to expand its
relationship with CSG," said Peter Kalan, president and chief executive
officer of CSG International. "This is the result of 20 years of hard
work, operational excellence and intercompany cooperation as Comcast has
evolved to one of the premier providers of content and communications in
the new digital era. Through the years, we have enjoyed the opportunity
to work side-by-side as Comcast has launched new products and services
aimed at giving the customer more choice and control."
"As we continue to innovate and bring new products and services to
market, we want to make it easier for customers to interact with us,"
said Scott Alcott, chief information officer for Comcast Cable. "CSG has
been a great partner and this new agreement will help us provide more
consistent customer interactions by creating opportunities to
standardize and streamline our back-office operations."
Conference Call:
CSG will host a conference call on July 31, 2014, at 5:00 p.m. ET, to
discuss today's announcement. The call will be carried live and archived
on the Internet. A link to the conference call and the accompanying
slides is available at http://ir.csgi.com/.
In addition, to reach the conference by phone, dial 1-888-287-5563 and
ask the operator for the CSG International conference call and Liz
Bauer, chairperson. A replay of the conference call will also be
available until 6:00 p.m. ET on August 30, 2014, and can be accessed by
calling 1-888-203-1112 and access code of 6899300.
About CSG International
CSG
Systems International, Inc. (NASDAQ:CSGS) is a market-leading
business support solutions and services company serving the majority of
the top 100 global communications service providers, including leaders
in fixed, mobile, and next-generation networks such as AT&T, Comcast,
DISH, Orange, Reliance, SingTel Optus, Telecom New Zealand, Telefonica,
Time Warner Cable, T-Mobile, Verizon, Vivo, and Vodafone. With more than
30 years of experience and expertise in voice, video, data, and content
services, CSG International offers a broad portfolio of licensed and
Software-as-a-Service (SaaS)-based products and solutions that help
clients compete more effectively, improve business operations and
deliver a more impactful customer experience across a variety of touch
points. For more information, visit our website at www.csgi.com.
Forward-Looking Statements
Certain statements in this communication regarding the potential
processing of non-CSG customer accounts onto the CSG billing platform,
including any statements regarding the expected timetable for completing
any such conversions and their financial impact for CSG, and any other
statements regarding CSG's future expectations, beliefs, plans,
objectives, financial projections, assumptions or future events that are
not historical in nature are "forward-looking" statements made within
the meaning of the Securities Act of 1933, as amended.
These statements are often, but not always, made through use of words or
phrases such as "may", "believe", "anticipate", "could", "should",
"intend", "plan", "will", "expect(s)", "estimate(s)", "project(s)",
"forecast(s)", "positioned", "strategy", "outlook" and similar
expressions. All such forward-looking statements involve estimates and
assumptions that are subject to risks, uncertainties and other factors
that could cause actual results to differ materially from the results
expressed in the statements.
Among the factors that could cause actual results to differ materially
from those contained in the forward-looking statements are the
following: the timing of any migrations of customer accounts to CSG's
billing platform; the risk with both parties' abilities to efficiently
and effectively migrate customer accounts from other billing platforms
onto the CSG platform; the risk that Comcast will execute on its
currently planned intentions to consolidate and standardize its
operations in the future; and the potential adverse impact of continued
service provider consolidation within the communications industry.
The factors listed above are in no way intended to be a complete or
exhaustive list of all the risks associated with our relationship with
Comcast. Readers are encouraged to read additional information
concerning these and other factors can be found in CSG's respective
filings with the SEC, including our most recent Annual Reports on Form
10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. We
assume no obligation to update any forward-looking statements. Readers
are cautioned not to place undue reliance on these forward-looking
statements that speak only as of the date hereof.
For more information regarding the expanded and extended contract with
Comcast Cable, please refer to the Form 8-K filed today with the SEC,
which can be found on the investor relations page of the company's
website.
CSG International
Liz Bauer, +1 303-804-4065
Investor
Relations
Liz.bauer@csgi.com
or
KC
Higgins, +1 303-434-8163
Public Relations
kc.higgins@csgi.com
Source: CSG International
News Provided by Acquire Media