Completion of Acquisition

Intec Telecom Systems PLC
08 September 2006


Intec completes acquisition of outsourcing specialist EUR Systems; substantially
      expands outsourcing and service bureau capabilities in North America


September 8, 2006 - Intec, a leading provider of business and operations support
systems (BSS/OSS) and services to the global telecom industry, announced today
the completion of its acquisition of the operating assets of outsourced billing
and business process outsourcing (BPO) specialist EUR Systems. The EUR assets
will be added to Intec's existing service bureau operations in North America, to
offer a comprehensive suite of end-user and wholesale billing and BPO solutions
to the North American ILEC, CLEC and IXC market. The consideration, which will
be paid in cash, is approximately $13.4 million*, subject to a working capital
adjustment. The value of the gross assets acquired is approximately $6.6
million. EUR, which reported revenues of $36.0 million in 2005, employs
approximately 230 professionals in its operations in Mechanicsburg, PA and San
Antonio, TX.


Intec CEO Kevin Adams said, "Completion of this acquisition allows Intec to
substantially increase its market share in the access billing space and to
expand our capabilities as an outsourced billing and business process provider.
We see very good synergies in this deal, which allows us to efficiently and
effectively combine our outsourcing and service bureau operations under one
experienced management team."


The acquisition of EUR provides Intec with a centre of competence in outsourced
billing and business services which, when combined with its existing Carrier
Access Billing (CABS) and retail billing service bureaus, will make it one of
the leading players in this market. The acquisition expands the Intec portfolio
through the addition of a broad range of business process outsourcing services
and also provides an opportunity for Intec to increase efficiency in its
existing service bureau operations through economies of scale.


The EUR customer base includes over 40 telecom service providers in North
America, three quarters of which are not existing Intec customers, presenting an
additional opportunity for cross-selling of Intec products. All the acquired
customers will benefit from the stability and wider capabilities across the
whole BSS/OSS sector that Intec brings to this business unit.


EUR Systems COO Charles Achuff commented, "We are very pleased to have secured
the future of the EUR Systems business and its service to our customers, by
becoming a part of a financially strong, industry-leading supplier to the North
American market. Our customers will also benefit from the broader set of
products and services which the combined Intec/EUR business will be able to
offer."

*Approximately £7.1m using an exchange rate of £1 = $1.88.

For further information, please contact:

Intec Telecom Systems PLC                   www.intecbilling.com
Kevin Adams, Chief Executive Officer        [phone]
Andrew Rodaway, Director of Marketing       [phone]
                                            [e-mail]
Smithfield Consultants
Sara Musgrave, Libby Young, Tania Wild      [phone]
                                            [e-mail]

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www.vismedia.co.uk

About Intec

Intec supplies billing software solutions to over 60 per cent of the world's top
100 telecoms carriers and is one of the world's fastest growing major BSS/OSS
(business and operations support systems) vendors.  Intec's 350 customers
include BellSouth Telecommunications Inc., Cable & Wireless, The Carphone
Warehouse (UK), China Unicom, Deutsche Telekom, Eircom (Ireland), France
Telecom, Hutchison 3G, O2, Orange, T-Mobile, Telefonica, Vodafone, Virgin
Mobile, Vivo and Verizon. Intec works closely with its customers, many of whom
have been with Intec since its inception, to provide the highest standards of
performance, flexibility and robustness to help carriers service their customers
effectively and profitably. Intec's comprehensive and expanding range of
products, solutions and services includes:

• Retail billing and customer management

• Multi-service mediation and activation

• Inter-carrier billing settlements including US CABS and ITU-based settlement

• End-to-end content partner management

• Optimised wholesale routing and trading

• Real-time pre/post-paid mediation and charging

• A fully-integrated solution for IPTV charging, billing and user interaction

Founded in 1997, Intec is listed on the London Stock Exchange (ITL.L) and has
over 1,600 staff and 31 offices in 25 countries. For more information, visit the
Intec website at www.intecbilling.com.


                      This information is provided by RNS
            The company news service from the London Stock Exchange