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INTRACOM TELECOM signed a €1.6 million contract extension with POLKOMTEL Poland

Athens, July 17, 2007 - INTRACOM TELECOM, a part of SITRONICS Telecommunication Solutions business division, signed a €1.6 million contract with Polkomtel (PlusGSM, Mobile Telecommunications Company in Poland) for the extension of the existing SS7 Signaling Monitoring System.

Under the framework of this contract, INTRACOM TELECOM will provide a state-of-the-art solution based on the acceSS7 System developed by Agilent Technologies along with associated professional services including installation, configuration, training, support and maintenance. INTRACOM TELECOM's solution will enable Polkomtel to promptly and efficiently supervise the entire GSM/GPRS network and perform end-to-end network and service analysis across multiple transportation technologies. The project will be completed by the end of 2007 with a contract extension option for another €1 million for providing additional coverage of the evolving network and technologies needs.

INTRACOM TELECOM has a long-standing experience in the design and implementation of Operations Support Systems, based on Agilent's solution, in Greece and abroad: OTE (Greece), BTC (Bulgaria), Telekom Srbija (Serbia), STC (Saudi Arabia), Polkomtel (Poland), HT (Croatia), Vodafone (Greece), TIM (Greece) and Tellas (Greece). The company has an active presence in the markets of Central and Eastern Europe, N. Africa and the Middle East.

About Polkomtel
Polkomtel S.A. [a joint stock company] is one of three mobile telephony operators in Poland, marketing its services under three brand names: Plus GSM, Simplus and Sami Swoi. Following a tender held by the Minister of Communication, on 1 February 1996, the Company was awarded concession No. 1 for the provision of telecommunications services and a permit for the construction in Poland of a mobile GSM 900 MHz digital radio communication network with the 601 paging number. The Company boasts a formidable network of showrooms and provides its services by direct selling. The Customer Service Division, employing highly-qualified consultants, is available to subscribers should they run up against any problems using their mobile phones.

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.