Intec Telecom Systems selected by Lattelekom, Latvia’s largest telecom operator and national PTT, in million pound plus contract Thursday 4 October 2001 PDF Print · 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 InterconnecT™ 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 ths 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 firstname.lastname@example.org Andrew Rodaway Intec Telecom Systems PLC +44 (0) 7768 808082 email@example.com Cubitt Consulting Fergus Wylie/Barney Jones +44 (0) 20 7367 5100 Fergus.firstname.lastname@example.org 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: · IntervenE™ - Telecoms fraud detection software · InterconnecT ITU - for settlement based on ITU rules · InterconnecT CABS – for US CABS intercarrier billing · Maxi-Route™ - a least cost routing solution · Omni-chargE™ – 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 This press release was distributed by ResponseSource Press Release Wire on behalf of Intec Telecom Systems in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.