Intec Telecom Systems Completes Singl.eView Acquisition; Leading OSS Provider Enters Retail Billing Solution Market, Increases Staff to over 1300

Business Wire, August 31, 2004

ATLANTA & LONDON -- Intec Telecom Systems PLC announced the successful completion of its $74.5 million acquisition of the 'Singl.eView' retail billing software division from ADC Telecommunications, Inc. The award-winning Singl.eView product line, widely regarded to be one of the top retail billing solutions available, is in use at over 70 Tier 1 and Tier 2 carriers in 17 countries, including Deutsche Telekom, Virgin Mobile, Hutchison 3G, Optus, and Reliance. The deal approximately doubles Intec's staff team, adding over 630 new employees worldwide, and creating a large services team of over 680 professionals.

"With the acquisition of Singl.eView, Intec now offers critical applications that span an operator's business, from customer-facing BSS offerings for retail billing, interconnect (wholesale) billing and settlement, and content management and billing, to network-facing OSS solutions for convergent mediation, service activation, and real-time charging," said Intec Executive Chairman Mike Frayne. "This family of proven, carrier grade products is unmatched in the OSS industry for breadth, performance, functionality and scalability. The acquisition also substantially enlarges our global presence to a total staff team of 1300, based in 26 offices worldwide. Intec now has over 320 people in product development and over 680 in professional services, giving us a huge capability to develop and implement the most sophisticated OSS projects in the world."

The majority of the 70 active Singl.eView implementations are at larger (Tier 1 or large Tier 2) communications service providers, including Deutsche Telekom, Virgin Mobile, Reliance (India), SingTel Optus, XO Communications, Hutchison 3G, Tele2 and Inmarsat. The Singl.eView division recently won a number of awards for its products and customer installations, including the prestigious 'Best Overall Contribution to Billing', 'Best Billing Implementation - Telecom' and 'Best Billing Implementation - Utilities' at the 2004 Global Billing Awards in London.

Intec CEO Kevin Adams, added, "We believe this transaction makes Intec the leading OSS products company in the world with over 450 customers and 600 installations, including 60% of the world's top 100 carriers. With nearly 1000 people developing and implementing our products we have an outstanding depth of capability to offer to customers."

The acquisition of Singl.eView has been welcomed by customers and business partners alike. According to John Bickmore, Director of Billing Services, SingTel Optus, which uses both Singl.eView and Intec's InterconnecT and Inter-mediatE products, "Intec has a big presence in Asia and we are therefore very pleased to see Singl.eView, one of our most important applications, having such strong local support from a global company."

About Singl.eView Dynamic Transaction Management

Singl.eView is an award-winning product that extends the traditional billing model to support rating and billing for any type of billing event, regardless of class of service, customer type, product or payment method. The Singl.eView product suite is a modular solution built on a scalable three-tier architecture that delivers the cost and quality benefits of commercial off-the-shelf software, including flexibility, interoperability through standard interface mechanisms, and international and localization capabilities.

About Intec Telecom Systems

Intec Telecom Systems 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 450 customers. Founded in 1997, Intec was listed on the London Stock Exchange in June 2000. Intec is a market leader in inter-carrier billing systems and convergent mediation software, and has recently acquired strong capabilities in retail billing, IP billing and real-time mobile service charging and control. For the year ended 30 September 2003, Intec reported revenues of GBP 50.7 million, with adjusted net earnings after tax of GBP 4.1 million.

Intec's product portfolio includes:

--Singl.eView(TM) - dynamic transaction management/retail billing

--Inter-mediatE(TM) - convergent mediation solution;

--InterconnecT(TM) - inter-carrier billing including US CABS and ITU-based settlement;

--Inter-activatE(TM) - flow-through provisioning and activation;

--Intec CPM(TM) - end-to-end content partner management; and

--Intec DCP(TM) (Dynamic Charging Platform) - real-time pre/post-paid charging