OVERLAND PARK, Kan., Feb. 1, 2012 (GLOBE NEWSWIRE) -- TMNG Global (Nasdaq:TMNG), a premier provider of professional services and software solutions to the global leaders in the communications, digital media and technology industries, today announced a game-changing development for wireless carriers, their subscribers and device manufacturers with the first-ever mobile device leasing solution – Mobile Device Lease xChange (MDLx). MDLx is a third party administration (TPA) company that provides (1) a comprehensive and integrated business and operating model for mobile device leasing; and (2) the complete technology platform for lease administration and accounting.
"The economics of the mobile device market are complex and particularly burdensome for carriers, who must offer the latest technology at affordable price points. Escalating smartphone prices, higher subsidies absorbed by carriers, market-driven caps on consumer upfront payments and regulatory pressure to eliminate early termination fees – are all factors which contribute to frustrations for carriers, subscribers and even the OEMs," said Don Klumb, TMNG Global's CEO. "We think the market is ready for a viable smartphone leasing option. MDLx provides a complete solution that enables carriers to dramatically reduce their device subsidy obligations; provide subscribers access to the latest device technology as it becomes available and on a more frequent basis; and also benefits OEMs by decreasing their sales cycles by half and facilitating development of new technology with less concern for carrier subsidy constraints."
Building upon TMNG's proven business and operations support systems capabilities, as well as its Ascertain® software suite and its acquisition of an industry-proven TPA platform, MDLx has created an innovative, technology-based ecosystem for managing the entire mobile device leasing program structure. MDLx enables efficient, end-to-end support for carriers' premises and billing systems, and back-end lease aggregation and management platform, including administration, finance, insurance, and handset recovery and redeployment capabilities.
"Our experience with handset recapture models, including our own SmartXchange offering, has proven that the rapidly advancing sophistication of smartphones gives them attractive residual values," said Tom Murphy, MDLx's Chief Marketing Officer. "The ability to capture that residual value is the basis for successful application of a lease model, and is what enables MDLx to pioneer an offering that's highly compelling for players throughout the smartphone food chain. By designing an end-to-end, fully administered solution that addresses the pain points of carriers, subscribers and OEMs, we think MDLx offers the wireless industry a new option for dramatically improving its economic model."
About MDLx
MDLx, a wholly-owned subsidiary of parent company, TMNG Global (Nasdaq:TMNG), provides carriers with an end-to-end solution, Mobile Device Lease xChange, that reduces the economic impact of handset subsidies, while providing consumers with access to more frequent mobile device upgrade opportunities. MDLx also allows OEMs to decrease sales cycles by half, while facilitating development of new technology with less concern for carrier subsidy constraints. For more information, visit www.deviceleasing.com.
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About TMNG Global
TMNG Global (Nasdaq:TMNG) is a premier provider of professional services to the global leaders in the communications, digital media, and technology industries. TMNG Global and its divisions, CSMG and Cartesian, and a team of more than 500 experts, provide strategy, operations and technology consulting services and technical solutions to more than 1,200 communications clients worldwide. The company is headquartered in Overland Park, Kansas, with offices in Boston, London, New Jersey, and Washington, D.C. For more information about the company and its services, visit www.tmng.com.