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* Indra to offer full Intec portfolio to Spanish-speaking markets worldwide

London, 23 July, 2002: Intec Telecom Systems, a global provider of Operations Support Systems (OSS) for fixed, wireless, and IP/next generation networks, has signed a partnership agreement with Indra, the leading Spanish information technologies company in Spain. As part of the contract Indra will offer and integrate Intec's entire product portfolio to its customers worldwide, including Intec's InterconnecT™, Inter-mediatE™, and revenue assurance solutions. InterconnecT is the world's best selling intercarrier billing solution, with nearly 40% market share, enabling operators to charge other operators for using their networks. Inter-mediatE is a global leader in real-time convergent mediation, providing data gathering, processing and distribution capabilities for fixed, wireless and next generation networks.

Indra's information telecommunications division has grown by 28% this year alone and represents 80% of the company's revenues. Indra's strategic projects in this business area highlight the diversity that Intec's solutions will need to support. They include the creation of Indra Beijing IT Systems and Indra CPC , which will help consolidate Indra's presence in the Chinese and Portuguese markets.

"This agreement is another stamp of approval for Intec's product range, which includes the world's leading mediation, interconnect and revenue assurance solutions," said Kevin Adams, Intec's CEO. "Indra is a major company with a presence in over 40 countries and a workforce of 6,000 employees. More than one third of Indra's revenues come from its international activities, with clients ranging from small ISP providers to major telecommunications operators. This diverse customer base will give Intec more opportunities to demonstrate the flexibility and scalability of its products, particularly in emerging telecoms markets such as Latin America and Southern Europe."

For More Information:

Georgia Hanias/Andrew Rodaway
Intec Telecom Systems
+44 (0)7768 808082
andrew.rodaway@intec-telecom-
georgia.hanias@intec-telecom-systems.com

About Indra


Indra is the leading Spanish company in Information Technologies (IT). In 2000, the company generated revenues of 676.8 million of euros and a backlog of orders in excess of 970.1 million of euros. Its activities are distributed into three lines of business: Information Technologies (80%) and Simulation and Automatic Maintenance Systems, and Defense Electronic Equipment (20%).



Indra is an outstanding point of reference on the markets in which it operates, at both national and international level. Present in more than 40 countries on the five continents, more than 40% of its billing in 2000 came from its international activities. For more information visit the website http://www.indra.es


Intec Telecom Systems

Intec Telecom Systems is an award-winning worldwide Operations Support Systems ("OSS") vendor for fixed, mobile and IP/next-generation networks, with more than 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 market leader in intercarrier billing systems and one of the largest suppliers of convergent mediation software. The company is currently listed in Deloitte Touche Tohmatsu's top 500 fastest growing companies in Europe, and received the prestigious Queen's Award for Enterprise in April 2002 for its success in growing international sales by almost 400% in 3 years. Intec's portfolio includes:


Inter-mediatE™ - convergent mediation solution

InterconnecT™ - intercarrier billing including US CABS and ITU

Inter-activatE™ - flow-through provisioning and activation

InterogatE™ - revenue assurance

Intec's customer base includes, among others, AT&T, BellSouth, BellSouth Peru, Brazil Telecom, Cable & Wireless, Cesky Telecom (Czech Republic), COLT Telecommunications, EBT (Taiwan), France Telecom, Hutchison 3G, ITXC, Maroc Telecom, Maxis (Malaysia), Singtel Optus (Australia), Orange, Telecom Argentina, Telecom Egypt, Telecom Italia, TPSA (Poland), Swisscom, T-Mobile International, Telia (Sweden), Telkom South Africa, Telstra, US Cellular, Westel (Hungary), Vodafone and Verizon. For more information on Intec Telecom Systems, visit the website at

http://www.intec-telecom-systems.com



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