Telefonica Venezuela Chooses ALTEA's Evolution as the Infrastructure for Telematics in Venezuela

Buccinasco, Italy (PressExposure) August 08, 2009 -- /1888PressRelease/ The contract has been signed the 30th of July 2009 in Caracas (Venezuela) and will be fully operational from September in the country and enlarged to other Telefónica branches in LATAM from 2010.

Telefónica Venezuela has chosen ALTEA as the unique provider of telematics infrastructure to ensure the top performance on an increasingly sophisticated and fast growing market.The selection has been based on the flexibility, scalability and reliability of Evolution’s base – the Open Telematics Platform (OTP).

ALTEA’s Open Telematics Platform is easily adaptable for use in a variety of key telematics projects, ranging from Safety & Security services (such as anti-theft vehicle tracking and eCall), Fleet Management, Insurance Models (such as Pay-As-You-Drive), Traffic Management and Remote Diagnostics. The platform works with virtually any on board device, numerous protocols and different mapping systems. By partnering with ALTEA, Telefónica consolidates traditional businesses on a modern and flexible infrastructure, reaches new business opportunities and widens the range of the applications offered to the final customer, greatly reducing time-to market.

Telefónica is one of the largest telecommunications companies in the world in terms of market capitalization. Its activities are centered mainly on the fixed and mobile telephony businesses with broadband as the key tool for the development of both.

The company has a significant presence in 25 countries and a customer base that amounts more than 261 million accesses around the world. Telefónica has a strong presence in Spain, Europe and Latin America, where the company focuses an important part of its growth strategy.

Telefónica is a 100% listed company, with more than 1.5 million direct shareholders. Its share capital currently comprises 4,704,996,485 ordinary shares traded on the Spanish Stock Market (Madrid, Barcelona, Bilbao and Valencia) and on those in London, Tokyo, New York, Lima, Buenos Aires and São Paulo.

ALTEA Via Vigevanese 1 – 20090 Buccinasco (Italy) Andrea Carminati info ( @ ) altea dot net

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About Altea

ALTEA is a leading global telematics service provider with a worldwide network of proprietary multi-lingual Operating Centers. Combining global coverage with the latest technology ALTEA develops high tech tailor made telematics solutions for car, truck and heavy equipment manufacturers, insurance companies and fleet managers. This expertise represents a foundation for numerous international large scale ITS projects. ALTEA has a long standing record in developing variable safety& security applications.

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Press Release Submitted On: August 07, 2009 at 7:02 am
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