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6 January 2005: Intec, a global provider of Business and Operations Support Systems (BSS/OSS) for fixed, mobile and next-generation networks, today announced that it has won the prestigious “Project of the Year” award given by Russia’s Billing Computer Telephony magazine. The honour was given to Intec for the successful delivery of its InterconnecT™ billing solution at Golden Telecom, a leading facilities-based provider of integrated telecommunications and Internet services in major population centres throughout Russia and other countries of the Commonwealth of Independent States (“CIS”).

Billing Computer Telephony Magazine recognises the best vendors in the operations support system sector of the telecommunications industry at its annual awards run in conjunction with the Billing IT Telecom exhibition. A panel of industry experts, nominated by the magazine editors, selected the finalists in the Project of the Year category. The Awards took place on 9 December 2004 in Moscow.

InterconnecT’s reputation as the world leader in carrier-to-carrier billing, coupled with Intec’s existing presence in Russia, were significant factors in Golden Telecom’s selection of Intec as its long term OSS partner. Golden Telecom was also convinced that Intec understood its local requirements and possessed the knowledge and experience to help define future functionality to cater for the rise in network data volumes.

The award’s judges were impressed by the speed of the project’s initial implementation phase, which took six months to complete and included the modelling of some of Golden Telecom’s major interconnecting partners. Intec outlined a clear implementation strategy and thanks to InterconnecT’s flexible GUI Golden Telecom’s staff was able to take full ownership of the system after initial training. InterconnecT easily managed the whole range of Golden Telecom’s existing interconnect agreements from Tier 1 operators to start-up ISPs. It also gave the operator the flexibility to capture unique billing scenarios so that the discounting and volume based rating features - that are an attractive component of Golden’s wholesale offering - could be captured.

In addition, InterconnecT also provided the data models in both Cyrillic and English, an important feature when partners are both international and Russian. InterconnecT’s bulk loaders facilitated the rapid input and upload of this material in both English and Russian.

"In operating InterconnecT, Golden Telecom expects to gain significant business benefits by combining accurate charging with flexible and detailed reporting," said a representative from Golden Telecom. "The capability to drill down and define specific billing errors will also enable us to gain greater operational control resulting in reduced network expenditure and maximised interconnect revenue streams."

About Golden Telecom

Golden Telecom, Inc. (NASDAQ: “GLDN”) is a leading facilities-based alternative provider of integrated telecommunications and Internet services in major cities of Russia and other countries of the Commonwealth of Independent States (CIS). The Company offers voice, data and internet services to corporations, operators and individual customers using its overlay networks in Moscow, Kiev, St. Petersburg, Nizhny Novgorod, Samara, Kaliningrad and Krasnoyarsk and via inter-city fiber-optic and satellite-based networks, including approximately 200 combined access points in Russia and other CIS countries. The Company provides mobile services in Kiev and Odessa.

About Intec
Intec is a leading OSS product vendor for fixed, mobile and next-generation networks (i.e. WLAN, 3G and IP), with more than 650 installations of its products worldwide in 460 customers. Founded in 1997, Intec was listed on the London Stock Exchange in June 2000. Intec is a market leader in billing, mediation, mobile service charging and activation systems. For the year ended 30 September 2004, Intec reported revenues of £68.8 million, with adjusted net earnings after tax of £8.7 million.

Intec's product portfolio includes:
• Singl.eView™ - dynamic transaction management/retail billing
• Inter-mediatE™ - convergent mediation solution;
• InterconnecT™ - inter-carrier billing including US CABS and ITU-based settlement;
• Inter-activatE™ - flow-through provisioning and activation;
• InterconnecT CPM™ - end-to-end content partner management; and
• Intec DCP™ (Dynamic Charging Platform) – real-time pre/post-paid charging

Intec’s customer base includes, among others, BellSouth, BellSouth Peru, Cable & Wireless, Cesky Telecom (Czech Republic), China Unicom, COLT Telecommunications, Deutsche Telekom, EBT (Taiwan), Eircom (Ireland), France Telecom, Hutchison 3G, Maxis (Malaysia), Nitel (Nigeria), Reliance (India), SingTel Optus (Australia), O2 Ireland, Orange, Telecom Argentina, Telecom Egypt, Telecom Italia, Tiscali, TPSA (Poland), Swisscom, T-Mobile International, Telefonica, Telia (Sweden), Telkom South Africa, Telstra, US Cellular, Westel (Hungary), Vodafone, VimpelCom (Russia), Virgin Mobile, Vivo (Brasil), XO Communications, and Verizon.

For more information, visit the Intec website at

This press release was distributed by ResponseSource Press Release Wire on behalf of Intec Telecom Systems in the following categories: Business & Finance, Computing & Telecoms, for more information visit