Re Contract
Intec Telecom Systems PLC
4 October 2001
Intec Telecom Systems selected by Lattelekom, Latvia's largest telecom
operator and national PTT, in million pound plus contract
Contract win underlines Intec's continuing expansion into Eastern Europe
October 4, 2001 - Intec Telecom Systems plc (LSE: ITL), a major provider of
telecoms Operations Support Systems ('OSS'), has signed an agreement with
Lattelekom, Latvia's largest telecommunications operator and the Latvian PTT,
for its InterconnecTTM billing system. InterconnecT, the market leader in
inter-carrier billing and settlement systems, will secure significant market
share retention for Lattelekom as it prepares for deregulation of the Latvian
telecoms industry at the beginning of 2003. The agreement fuels Intec's global
business strategy as it provides another entry to Eastern Europe. Intec also
has the Polish and Hungarian PTTs as customers as well as a number of mobile
carriers in the region.
'InterconnecT is an integral investment for our plans to achieve a maximum
level of revenue through competitive services and efficient interconnect
management in the open market', says Leena Suhonen, CEO, from Lattelekom. 'The
successful delivery of the system will encourage cost-savings through
inter-carrier billing, providing us with more revenue to invest in services
and infrastructure changes.'
InterconnecT is designed to offer the flexibility and scalability to support
this modernisation and the increasingly complex range of services that
Lattelekom will offer its customers to remain competitive in an open economy.
With proven PTT-level performance and scalability, InterconnecT will also be
able to deal with the company's growing call volumes.
'Latvia's rising demand for modernisation and new telecoms services makes it
one of the most attractive markets in the Baltic region. Our contract with
Lattelekom illustrates the demand that exists throughout Eastern Europe for
products which maximise telecoms network revenues,' says Kevin Adams, CEO of
Intec. 'This PTT agreement is very important to us and we will work closely
with Lattelekom to ensure the successful deployment of InterconnecT in this
new market.'
For more information:
Georgia Hanias
Intec Telecom Systems PLC
+44 (0) 1483 745954
georgia.hanias@intec-telecom-systems.com
Andrew Rodaway
Intec Telecom Systems PLC
+44 (0) 7768 808082
andrew.rodaway@intec-telecom-systems.com
Cubitt Consulting
Fergus Wylie/Barney Jones
+44 (0) 20 7367 5100
Fergus.wylie@cubitt.com
About Lattelekom
Lattelekom SIA is the largest telecommunications company in Latvia, with over
4500 employees and is responsible for more than 730,000 fixed subscriber
lines. The company provides basic telecommunications services, data
transmission, Internet and other telecommunications services.
In accordance with legislation, Lattelekom SIA enjoys an exclusive right to
provide basic telecommunications services in Latvia. The monopoly term is
expected to end on January 1, 2003. Lattelekom SIA was established on January
14, 1994. Republic of Latvia owns 51% of the equity capital of Lattelekom SIA
and the consortium TILTS Communications owns 49%. 90% of TILTS shares are
owned by Sonera Holdings B.V. and 10% by International Finance Corporation.
Over half a billion US Dollars have been invested in the modernisation of the
telecommunications network since the foundation of Lattelekom.
For more information please visit the website at http://www.lattelekom.lv
Intec Telecom Systems
Intec Telecom Systems PLC is Europe's leading publicly-owned provider of
Operational Support Systems ('OSS') for fixed, mobile and IP/next-generation
networks, with over 250 customers for its products worldwide. Founded in 1997,
Intec was listed on the London Stock Exchange (Code: ITL.L) in June 2000.
Intec is the most successful supplier of packaged intercarrier billing and
convergent mediation software, with more installations, and more major telecom
operators using its solutions, including many national PTTs and US RBOCs, than
any competitor. Intec also provides:
IntervenETM - Telecoms fraud detection software
InterconnecT ITU - for settlement based on ITU rules
InterconnecT CABS - for US CABS intercarrier billing
Maxi-RouteTM - a least cost routing solution
Omni-chargETM - billing for all types of non-call telecoms service
Additional OSS solutions in provisioning/activation, revenue assurance, etc.
Intec's customer base includes, amongst others, AT&T, BellSouth, Cable &
Wireless, COLT Telecommunications, France Telecom, Hutchison 3G, ITXC, MCI
Worldcom, Orange, Swisscom, T-Mobile International, Telecom Italia, Telia,
Telkom South Africa, Telstra, US Cellular and Verizon.
http:// www.intec-telecom-systems.com