3G Player Opens UK Subsidiary

WaterCove Networks today underscored its commitment to the European market with the opening of a wholly-owned subsidiary, WaterCove Networks UK, Ltd.

Picture shows Peter Lojko
President & CEO of Watercove.

Coming on the heels of its recent announcement of a commercial sale to Orange (see: "Orange UK Signs Agreement For Commercial Deployment of WaterCove Networks Mobile Data Service Systems" http://www.watercove.com/pr_091602.html), the new subsidiary will facilitate WaterCove's ability to provide best-in-class customer service and support to the UK's largest wireless network operator while expanding the company's European-focused business development initiatives.

"The addition of our new UK subsidiary in Bristol reinforces WaterCove Networks' commitment to our first customer, and extends our presence in what continues to be among the most compelling markets for wireless services," said Peter Lojko, president and CEO of WaterCove Networks. "While we'll certainly continue to evaluate and pursue business in other regions, we're establishing a leadership position in the UK specifically and across Europe generally. We intend to expand upon that, especially because that's where many of the most immediate opportunities exist."

About the WaterCove Networks Mobile Data Service System

The WaterCove Networks Mobile Data Service System empowers carriers to deliver and effectively charge for a wide spectrum of new, personalized mobile data services that increase average revenue per user (ARPU) and reduce customer churn. By integrating service and transport intelligence into a single system, the WaterCove Networks Mobile Data Service System provides the flexibility and control required to deploy a range of new pricing and service models, create and experiment with new service offerings, and readily scale to meet consumer demand.

About WaterCove Networks

WaterCove Networks is fueling growth in wireless by supplying the advanced networking equipment required to deliver innovative, always-on data services in 2.5G and 3G wireless environments. The company's award-winning Mobile Data Service System, currently deployed by world-leading mobile operators, provides the complete foundation needed to create, deliver and monetize high-value data services for immediate revenue generation, reduced churn and long-term subscriber growth. Founded in 2000 and privately held, WaterCove Networks is led by an A-team of successful telco- and mobile-focused entrepreneurs with tenures from Ericsson, Nortel, Cisco, Excel Switching, Motorola and 3COM. The company's established network of customers, partners and key relationships include Orange S.A., Orange UK, Vodafone-Netherlands, Syntrack B.V., Telcordia Technologies, Ulticom Inc., Comptel Corporation, eServGlobal and Funk Software.