Press Release Archive

INTRACOM TELECOM wins a multi-million project in Ukraine

Athens, Greece - 6 December 2007 - INTRACOM TELECOM, a part of SITRONICS Telecom Solutions business division, today announced that SITRONICS Telecom Solutions Ukraine has signed a USD 27 million contract with MTS Ukraine, the largest mobile operators in Ukraine, for the supply of INTRACOM TELECOM's radio-relay equipment.

Under the framework of this agreement, INTRACOM TELECOM will provide its in-house produced equipment, to establish and service radio-relay links in the MTS Ukraine network. The project is expected to be completed within 12 months.

Mr. A Manos, Managing Director of INTRACOM TELECOM, commented: "This new project with MTS Ukraine is of strategic importance to us since we enter one of the most significant CIS markets with our most recognised and widely deployed product lines, the point-to-point microwave links. We are very excited to serve and be trusted by the largest mobile operator of Ukraine, with approximately 20 million subscribers."

About MTS
The network JSC «Ukrainian Mobile Connection» (MTS Ukraine) involves more than 95% of Ukrainian territory on which 99% of its population resides. The Company serves more than 19.8 million subscribers. MTS owns licenses to provide mobile (standard of GSM-900/1800, CDMA-450), fixed and international and local connections. The Company provides international roaming services to five continents.

About INTRACOM TELECOM
INTRACOM TELECOM is a leading developer and producer of telecommunication systems as well as supplier of integrated solutions and professional services to fixed and mobile operators in the EEMEA region. Over 100 customers in more than 50 countries choose INTRACOM TELECOM for its state-of-the-art products and solutions. INTRACOM TELECOM has 2,700 employees, operates subsidiaries in 12 countries and is amongst the largest European companies leading in R&D investments. Since June 2006, INTRACOM TELECOM is controlled by JSC SITRONICS (Russia) with 51%. JSC SITRONICS is the technology subsidiary of JSFC SISTEMA, a leading diversified holding company in Russia and the CIS. INTRACOM HOLDINGS Group (Greece) retains a 49% stake