Bezeq of Israel Selects Comverse Netcentrex IP Telephony, IPCentrex and Business Trunking Solutions to Serve Its Residential and Business Customers

"The rapid deployment of innovative and cost-effective services in our core business is a top priority for Bezeq," said Yuval Keinan, VP of Engineering, Bezeq. "We plan to use the Comverse Netcentrex portfolio of advanced IP-based voice services to serve our subscribers who represent the majority of consumers and businesses in Israel. Our selection of Comverse was based both on their experience in feature-rich, IP-based telephony solutions and their on-time delivery record."

Netcentrex MyCall solution is a pre-integrated IP-based telephony solution that improves time to market, reduces operational costs and easily scales for future growth. Primary line capabilities and a range of embedded value-added applications enable operators to create a more competitive and profitable portfolio of services.

Comverse also offers a range of enterprise solutions (IPCentrex(TM), IP Trunking) that enable operators to deliver hosted telephony services to all types and sizes of businesses. The solutions include an advanced telephony feature set, integrated applications (e.g. network announcements, IVR, conferencing, attendant console), an integrated session border controller (SBC) and Web-based self-care portals. The solutions allow businesses to adapt to various employee work styles, such as office-based, home PBX, remote field workers and road warriors.

"This deployment is an important benchmark with this strategic customer," commented John Bunyan, Chief Marketing Officer at Comverse. "We are very pleased that Bezeq has joined the more than 80 operators worldwide who use our Netcentrex IP-based voice solutions to offer innovative services with support for future network migration. Operators trust our timely delivery of robust solutions that can be fully integrated with the complete Comverse portfolio of billing and value-added services solutions that boost revenues and create operational efficiencies."

About Bezeq - the Israel Telecommunication Corporation

Bezeq is Israel's largest telecommunications service provider. Established in 1984, the company has led Israel into the new era of communications, based on the most advanced technologies and services. Bezeq and its subsidiaries offer the full range of telecommunication services including domestic, international and cellular phone services; Internet, ADSL, and other data communications; leased lines, and corporate networks. For more information about Bezeq please visit the corporate website at http://www.bezeq.co.il.

About Comverse

Comverse is the world's leading provider of software and systemsenabling network-based messaging and content value-added services, prepaid, postpaid and convergedbilling and IPcommunications. Comverse solutions generate revenues, strengthen customer loyalty and improve operational efficiency for over 500 communication service providers in more than 130 countries. The company's Total CommunicationSM portfolio facilitates personalized lifestyles in an evolving connected world and is based on the InSight(TM) Open Services Environment. Comverse's solutions support flexible deployment models, including in-network, hosted and managed services, and can run on circuit-switched, VoIP, IMS and converged network environments. Comverse is a subsidiary of Comverse Technology, Inc. (CMVT.PK). For more information, visit www.comverse.com.

All product and company names mentioned herein may be registered trademarks or trademarks of Comverse or the respective referenced company(s).

This release contains "forward-looking statements" under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that any forward-looking statements will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could affect Comverse include: the results of the investigation of the Special Committee, of the Board of Directors concluded on January 28, 2008, of matters relating to Comverse's stock option grant practices and other accounting matters; the impact of any restatement of financial statements of Comverse or other actions that may be taken or required as a result of such investigation or as result of Comverse's VSOE evaluation; Comverse's inability to file reports with the Securities and Exchange Commission; the effects of the delisting of Comverse's Common Stock from NASDAQ and the quotation of Comverse's Common Stock in the "Pink Sheets," including any adverse effects relating to the trading of the stock due to, among other things, the absence of market makers; risks relating to Comverse's ability to relist its Common Stock on NASDAQ; risks relating to alleged defaults under Comverse's ZYPS indentures, including acceleration of repayment; risks of litigation (including the pending securities class action and derivative lawsuits and any potential civil injunctive action by the Securities and Exchange Commission) and of governmental investigations or proceedings arising out of or related to Comverse's stock option practices or any other accounting irregularities or any restatement of the financial statements of Comverse, including the direct and indirect costs of such investigations and restatement; changes in the demand for Comverse's products; changes in capital spending among Comverse's current and prospective customers; the risks associated with the sale of large, complex, high capacity systems and with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either Comverse or its competition; risks associated with rapidly changing technology and the ability of Comverse to introduce new products on a timely and cost-effective basis; aggressive competition may force Comverse to reduce prices; a failure to compensate any decrease in the sale of Comverse's traditional products with a corresponding increase in sales of new products; risks associated with changes in the competitive or regulatory environment in which Comverse operates; risks associated with prosecuting or defending allegations or claims of infringement of intellectual property rights; risks associated with significant foreign operations and international sales and investment activities, including fluctuations in foreign currency exchange rates, investments in auction rate securities, interest rates, and valuations of public and private equity; the volatility of macroeconomic and industry conditions and the international marketplace; the risk of declines in information technology spending; risks associated with Comverse's ability to retain existing personnel and recruit and retain qualified personnel. Comverse undertakes no commitment to update or revise forward-looking statements except as required by law.

SOURCE: Comverse

Investor/Business Press: Comverse Technology, Inc. Paul D. Baker, 212-739-1060 paul.baker@cmvt.com or Industry Press: Comverse, Inc. Julie Shafiki, 856-608-4601 julie.shafiki@comverse.com