Re Contract

Intec Telecom Systems PLC
4 December 2001



   Intec signs global framework deal with Verizon to provide OSS technology



*         Multi-million dollar agreement covers InterconnecT billing and
related mediation technology, with options for extension to other Intec
products



Atlanta/London - December 4, 2001 - Intec Telecom Systems has signed an
Enterprise Agreement with Verizon, one of the world's largest
telecommunications businesses, for billing and related Operations Support
Systems (OSS) software technology. The contract is with Verizon Services
Group, which is responsible for providing technology to Verizon subsidiaries
and affiliates in over 40 countries.



Intec will make available its market-leading InterconnecT carrier-to-carrier
billing product, plus its mediation technology, to all Verizon domestic or
international subsidiary or affiliate, via the Verizon Services Group. This
includes companies in Europe, Asia-Pacific and the Americas.



The Intec solution allows billing and settlement processing between
telecommunication operators for both domestic and international interconnect
billing.

Intec's OSS software technology allows for operational efficiency and cost
benefits for Verizon Interconnect Billing business units.




InterconnecT, the worldwide leader by market share in Intercarrier billing, is
available in versions to support domestic, international (ITU) and US CABS
interconnect billing. This is a unique capability, which allows international
companies to deploy a single product suite in all territories.



Intec also offers a global support capability through four Centres of
Excellence, in Europe, North America, South America and Asia-Pacific.
InterconnecT is supported by Intec's mediation technology, that allows rapid
integration of InterconnecT into any telecom environment with minimal impact
on other systems. Intec's agreement with Verizon covers InterconnecT,
InterconnecT ITU and mediation technology, as well as allowing for extension
to other products, particularly Intec's Mediation, Revenue Assurance, Fraud
Management and Least Cost Routing solutions.




For more information:



Intec Telecom Systems PLC

Andrew Rodaway - [phone]

Georgia Hanias - [phone]

[e-mail]



Cubitt Consulting

Fergus Wylie/Serra Balls

[phone]

[e-mail]



Intec Telecom Systems



Intec Telecom Systems is a leading worldwide Operations Support Systems ('OSS
') vendor for fixed, mobile and IP/next-generation networks, with more than
240 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 than any other supplier. Intec's portfolio includes:

*         Inter-venETM -- telecom fraud detection software

*         Inter-mediatETM-- convergent mediation software

*         InterconnecTTM - inter carrier billing including CABS and ITU

*         Maxi-routETM - for least cost routing

*         Omni-chargETM - billing for all types of non-call telecom service



Intec's U.S. customer base includes, among others, BellSouth, AT&T, MCI
WorldCom, Verizon, US Cellular and ITXC. International customers include Axtel
(Mexico), BellSouth Peru, TCO (Brazil), Cable & Wireless, COLT
Telecommunications, France Telecom, Orange, Optus (Australia), Swisscom,
Stentor (Canada), T-Mobile International, Telia (Sweden), Telkom South Africa,
EBT Taiwan, Telstra and Vodafone.

For more information on Intec Telecom Systems, visit the Web site at: http://
www.intec-telecom-systems.com.