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Amdocs Ltd., (DOX) the world's largest billing and customer service software company by sales (DOX), said it won a new contract from European cable operator UPC Broadband Holding BV to upgrade its customer management system.
Amsterdam-based UPC Broadband, a unit of Liberty Global Inc., will use Amdocs system to improve business operations and roll out new services more quickly, Brian Shepherd, president of Amdocs Broadband Cable and Satellite said in a phone interview from Charlotte, North Carolina. He declined to give financial details.
The company will initially deploy its new system in Romania and Switzerland, it said in a PRNewswire statement today.
Amdocs, which won an eight-year contract in January from Sprint Nextel Corp. (S), the third-largest U.S. wireless company, has increased sales as telecommunications companies merge and update their billing systems. Amdocs has since mid-2005 bought three companies for almost $900 million to enter new areas.
The UPC Broadband deal reflects the company's ``continued strength in Europe as well as a leveraging of a strategic acquisition done 18 months ago,'' said Shepherd. Amdocs purchased DST Systems Inc.'s cable and satellite billing unit in July 2005.
The new contract is also significant ``because it shows heavy investment in research (DOX) and development is paying off,'' Shepherd said. Amdocs spent $60 million on research and development in the fiscal first quarter, up from $43 million in the year-earlier period.
Billionaire John Malone's Liberty Global, based in Englewood, Colorado, is the largest owner of cable-television systems outside the U.S.
Shares of Amdocs have gained 4.2 percent in the past 12 months compared with a 15.8 percent rise on the New York Stock Exchange's composite index during the same period.
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