Athens, Greece, May 30, 2007 - INTRACOM TELECOM, a part of SITRONICS Telecommunication Solutions business division, through its subsidiary, INTRACOM Bulgaria S.A., a provider of information and communications technology services in Bulgaria, signed three frame contracts with Bulgarian Telecommunication Company Mobile S.A ("BTC Mobile"), one of the Bulgarian mobile operators. INTRACOM Bulgaria S.A. is a part of INTRACOM TELECOM. Within the framework of the contracts, INTRACOM Bulgaria will supply telecommunications infrastructure design and installation services and provide shelter equipment to BTC Mobile. The total value of these contracts amounts to € 13.6 million. The projects are expected to be implemented within two years.
Founded in June 2004, BTC Mobile operates under the trade mark Vivatel and provides GSM and next-generation telecommunication services to 700,000 subscribers in Bulgaria. Since 2005, BTC Mobile has held the contracts for network sharing with two leading Bulgarian mobile networks, MOBILTEL (MTel) and Cosmo Bulgaria Mobile (GLOBUL).
Mr. Manos, Managing Director of INTRACOM TELECOM, said: "Expanding our activities in the Balkan region through transfer of technical know-how and expertise to our subsidiaries and increasing our market share is one of our prime objectives. Our highly competitive product and services portfolio being offered through our strong local companies in each Balkan country give us a clear competitive advantage in achieving this goal. The contract we have signed with VIVATEL is of great importance to us, since BTC Mobile is a dynamic player in the Bulgarian market and projects like this will boost our potential further".
SITRONICS is a leading provider of telecommunication solutions, including software, equipment and systems integration, IT solutions and microelectronic solutions in Russia and the Commonwealth of Independent States, with a strong presence in Central and Eastern Europe and a growing presence in the Middle East and Africa.
SITRONICS serves over 3,500 clients, maintains offices in 29 countries, and exports its products and services to more than 60 countries around the world. SITRONICS has over 10,000 employees, of which approximately 4,600 are involved in research and development.
SITRONICS' key business operations are based in Prague (Czech Republic) and Athens (Greece) for its telecommunication solutions division, and in Kiev, (Ukraine) and Zelenograd (Russia) for its IT solutions and microelectronic solutions divisions, respectively. SITRONICS is majority owned by Sistema, the leading consumer services holding company in Russia and the CIS.
SITRONICS has developed strategic alliances in its home markets with Cisco Systems, STMicroelectronics, Infineon and Giesecke & Devrient, in relation to certain products and services. SITRONICS has vendor relationships with Siemens, Ericsson, Motorola, ORACLE, Intel, Sun Microsystems and Microsoft. Key customers include Sistema group companies, such as MTS, Comstar UTS and MTT, and also OTE, Cosmote, Vodafone, Ericsson, Arcelor Mittal (formerly Mittal Steel) and TCL of China.
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 CIS. INTRACOM HOLDINGS Group (Greece) retains a 49% stake. For more information please visit: www.intracom-telecom.com
INTRACOM Bulgaria S.A., a subsidiary of INTRACOM TELECOM, focuses on design and delivery of technology and "turn-key" projects in the field of telecommunications, mobile networks, IT, public administration, banking & finance, tourism, construction, also providing training and support for the efficient operation of the delivered applications. INTRACOM Bulgaria, which is today a recognized telecom equipment vendor for BTC and Globul, aims to become a leading provider of ICT services in the country. The company also participates in system integration and software projects mainly for the government and construction sectors, primarily in the area of telecom and road construction. Currently, the company has 92 highly-skilled employees, the majority with advanced technical backgrounds (PhD, MSc, MBA, BSc).