Press Release Archive

INTRACOM TELECOM signs a contract of €4.5 million with MTEL

Athens, June 28, 2007 - INTRACOM TELECOM, a part of SITRONICS Telecommunication Solutions business division, signed a €4.5 million contract with MTEL, a recently established mobile operator in Montenegro, for the deployment of its WiMAX network.

The scope of the contract is the turn-key supply, installation and putting in operation of WiMAX base stations and user terminals, aiming to support MTEL in offering highly competitive services using innovative, state-of-the-art technologies. This project will be completed over a period of four months. The contract also includes managed services for one year, with an extension option for another three years.

Mr. Zlatko Trhuli, Chief Executive Officer of MTEL, commented: "Our vision is to become one of the most dynamic GSM/3G and WiMAX operators in the market of Montenegro providing high quality telecommunication services. Thus, we need to invest in partnerships which will enable us to pursue this goal. INTRACOM TELECOM's previous successful cooperation with TELECOM SERBIA played a key role during our partner selection process for this project".

Mr. A. Manos, Managing Director of INTRACOM TELECOM, said: "This project is of great importance to us since it is the biggest WiMAX network deployment planned in the Balkan region, our home market. INTRACOM TELECOM's expertise in delivering complex telecom projects will enable MTEL to achieve rapid and cost-effective network growth, benefiting from cutting edge broadband wireless technology and services. We look forward to employing our proven experience on WiMAX network towards the successful development of MTEL".

About MTEL d.o.o
MTEL is a recently established GSM operator in Montenegro, the majority shareholding of which belongs to TELECOM SERBIA. MTEL has started deployment of its network and all services will be activated within next month. MTEL aims to provide high quality GSM/3G and WiMAX services in the market of Montenegro.

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.