Corsair Communications Announces Deployment of PhonePrint in Malaysia through Ericsson

Strategic Insights -

Celcom, Malaysia's largest cellular carrier, has partnered with Ericsson to deploy Corsair Communications' PhonePrint fraud prevention system nationwide. This major contract, valued at over $10 million, marks a significant milestone in the fight against cloning fraud. The PhonePrint system, which uses RF fingerprinting technology, has been proven to cut cloning fraud by as much as 95% in various markets worldwide. Celcom aims to maintain its competitive position by proactively implementing anti-fraud measures, ensuring a secure and convenient experience for its subscribers.

Key Takeaways:

  • Corsair Communications' PhonePrint system will be deployed nationwide in Malaysia through a partnership with Ericsson.
  • The value of the contract for Ericsson is estimated to be over $10 million.
  • PhonePrint has been proven to reduce cloning fraud by up to 95% in various markets worldwide.
  • Celcom, the largest cellular carrier in Malaysia, aims to maintain its competitive position by implementing proactive anti-fraud measures.
  • Ericsson's Telecom Management Solutions (TMS) group will resell the PhonePrint system, marking a significant expansion of their services.
  • PhonePrint uses RF fingerprinting technology to detect and disconnect cloned cellular phones in real-time.

Statistics:

  • PhonePrint has been installed in over 160 markets worldwide.
  • The system has cut cloning fraud by as much as 95% in markets across North America, the Caribbean, and Asia.
  • The value of the contract for Ericsson is estimated to be over $10 million.
  • Corsair Communications' PhonePrint system is currently used by various major carriers, including those in North America, the Caribbean, and Asia.

Sources:

  • Corsair Communications Inc. (Nasdaq:CAIR)
  • Ericsson
  • Celcom (Malaysia's largest cellular carrier)