Disposal

Intec Telecom Systems PLC 19 November 2007 Intec Telecom Systems PLC ("Intec") Intec agrees sale of certain product and customer assets to VoluBill SA for £1 million London, 19 November 2007 - Intec Telecom Systems PLC (LSE: ITL.L), a leading supplier of software solutions to the global telecoms industry, has agreed to sell certain assets, including software intellectual property rights and customer contracts, to France based VoluBill SA for an initial sum of one million Pounds. The assets to be transferred relate to Intec's Denmark-based ' Intec DCP' rating and charging product. Intec has integrated these capabilities into its current portfolio and will continue to offer them to its global customer base. Intec will also receive a proportion of support and maintenance revenues from the Intec DCP customer contracts transferred, as well as a proportion of licence fees for new sales contracted by Volubill, for a period of two years. Intec and VoluBill have also agreed to enter into a partnership agreement which will allow Intec to resell the DCP product as part of its BSS/ OSS (business and operations support systems) portfolio. Intec does not expect the disposal, the sale proceeds or subsequent revenues to have a material impact on its business in future periods. The assets were acquired by Intec in 2003 as part of its purchase of Digiquant AB. In the year ended 30 September 2006 the revenue attributable to the assets being sold was approximately £3.4m with a loss before tax of approximately £1.1 million. The gross value of the assets was recorded as £0.2 million at 31 March 2007. The agreement provides for the transfer of approximately 40 staff, the majority based in Denmark, to VoluBill. The transaction is expected to close on 30th November 2007. The proceeds of the sale will be used for general corporate purposes. John Hughes, Chairman of Intec, said: "This is an execution of our ongoing strategy to focus our business on its core strengths and to rationalise our cost structure and product portfolio for increasing future performance. VoluBill is an experienced vendor in the technical space concerned and will be well placed to continue developing and marketing the solution. We will be working closely with VoluBill to ensure a smooth customer transition." John Aalbers, CEO of VoluBill added: "I am familiar with the Intec DCP product through my previous role at Intec and I believe that VoluBill will be able to maximize its potential as part of a closely integrated portfolio. We look forward to continuing our association with Intec in the future and to developing a profitable line of business for VoluBill based on these assets." For further information, please contact: Intec Telecom Systems PLC John Hughes, Chairman and interim Chief Executive Officer +44 (0)1483 745 800 College Hill Sara Musgrave/Carl Franklin/Ben Way +44 (0)20 7457 2020 NOTES TO EDITORS About Intec Telecom Systems PLC Intec supplies billing software solutions to over 60 of the world's top 100 telecoms carriers and is one of the world's leading BSS/OSS vendors. Intec's customers include AT&T, BellSouth, 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 has a comprehensive and expanding range of solutions and services ranging from market leading mediation and convergent billing products through to innovative IMS Charging solutions. 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. 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 www.intecbilling.com About Volubill SA VoluBill provides innovative "on the network" charging solutions to telecoms operators worldwide. VoluBill's Charge itTM and Track em solutions enable operators to: • Offer real-time charging for any mobile service using any payment method • Differentiate themselves competitively in the marketplace through innovative service bundles and unprecedented flexibility in charging models and metrics • Realise rapid time to revenue for new product & service offerings through ease of implementation and "drop in" network integration • Monitor, analyse and control subscriber activity across all data and content services in order to maximise customer satisfaction, as well as eliminating revenue leakage and fraud • Transcend the boundary between the network and IT systems in order to achieve maximum flexibility and unlock the potential of real time BSS integration Founded in 2001, VoluBill is a privately owned company, backed by strong International investors including Deutsche Venture Capital, Sofinnova Ventures, Sofinnova Partners, Argo Global Capital, Seventure and Xange. VoluBill is a global company, with customers and offices in all major geographies as well as centres of excellence in Europe and Asia. VoluBill is serving the needs of both emerging and established operators worldwide, with more than 200 million subscribers currently being supported around the world using VoluBill's technology. This information is provided by RNS The company news service from the London Stock Exchange
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