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

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 - +44 7768 808082
Georgia Hanias - +44 (0) 1483 745800
andrew.rodaway@intec-telecom-systems.com

Cubitt Consulting
Fergus Wylie/Serra Balls
+44 (0) 20 7367 5100
Fergus.wylie@cubitt.com

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-venE™ -- telecom fraud detection software

· Inter-mediatE™-- convergent mediation software

· InterconnecT™ - inter carrier billing including CABS and ITU

· Maxi-routE™ - for least cost routing

· Omni-chargE™ – 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-telecomsystems.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.