TIO NETWORKS ANNOUNCES FORMATION OF TIO TELECOM SOLUTIONS (TTS)
Tio Networks Corp. has formed Tio Telecom Solutions (TTS), a new division solely focused on servicing the specific needs of network operators such as wireless, cable, and other telecom/TV providers and their authorized retail-based dealers. While Tio has already been highly successful in providing private-labelled, bill payment solutions in the telecom marketplace, this new division broadens its focus to provide products and services that include offerings that service needs outside the payment space.
"Tio is very excited to announce TTS and this new focus on the telecom industry, bringing new products and services that will meet the growing needs of wireless carriers and their stakeholders," said Hamed Shahbazi, chief executive officer of Tio Networks. "For over 12 years, Tio has been a primary supplier of bill payment solutions to North America's telecom providers. Tio is using its deep relationships within the industry to drive the adoption of new products and services that can be helpful to its channel."
Tio's chief revenue officer, Chris Ericksen, will lead TTS. "The United States wireless industry is valued at nearly $196-billion, and is a highly competitive and dynamic industry," said Mr. Ericksen. "Wireless carriers and authorized dealers are always looking for ways to reduce customer churn and improve ARPU (average revenue per user), but with the growing demand for no contract plans, number portability and unlocked mobile devices, customer retention and loyalty becomes increasingly challenging. This is a perfect environment for the talented staff at TTS to roll out best in class payments and software solutions to give our partners a leg up on the competition."
"TTS will actively seek out alliances, strategic investments, and mergers and acquisitions opportunities that we believe will help us grow and our customers win," said Mr. Shahbazi. "We are excited to broaden our focus to offer new solutions for the telecom industry."
About Tio Telecom Solutions
TTS is a division of Tio Networks dedicated to serving wireless, cable, and other network operators and their network of dealers, retailers and agents with leading-edge payments and software services. TTS's overarching objective is to help its customers drive enhanced customer retention and revenue growth.
