The offering also includes the Oracle converged charging solution, which lays the foundation for 5G and delivers seamless charging and billing interactions for Telenor's 175 million subscribers across the region.
Combined the complete solution can provide support for ongoing monthly subscriptions to a video on-demand service to mobile banking payments to large scale prepaid voice and data services.
For its part, Oracle Communications Consulting is overseeing the implementation and will deploy the solution in Malaysia, Thailand and Pakistan for Telenor.
"Telenor is recognized for its innovation and industry leadership as well as driving standards," said Jason Rutherford (pictured), senior vice president and general manager, Oracle Communications, Applications.
"Oracle's integrated billing and charging provides a flexible, standards-based platform that will scale to support Telenor's large customer base today and in the upcoming 5G era."
Specifically, Oracle's fully integrated, cloud native digital billing and charging solution gives Telenor proven monetisation and real-time rating capabilities to support any payment model and any business model, including business-to-business or business-to-consumer account structures.
In addition to pricing and revenue management, Oracle's cloud native converged charging solution has been validated in rigorous performance testing on Oracle Cloud Infrastructure.
The news comes as Telenor plans to expand its global coverage to improve the wireless experience for its customers.
This will be achieved through three key initiative, the first to digitise its technical stack for 5G, the second by increasing touch-free operations to enhance its operating model, and lastly by transforming its internal operations as well as with partners to deliver more value while optimising capital expenditures.
In related news, earlier this month Telenor Group announced its Q2 2021 results which saw the group adjusted its full year outlook as president and CEO Sigve Brekke declared a return to growth for the period.
Driven by strong performance in the Nordics and increased data consumption in its Asian markets, subscription and traffic revenues increased 2% resulting in an EBITDA uplift of 4%.
