.Intec wins key contract with STC – the leading telecom provider in Saudi Arabia

Agreement provides future business opportunities as the region continues deregulation of telecom sector

Atlanta/London, January 17, 2005 – Intec, a leading OSS/BSS product vendor for fixed, mobile, and next-generation networks, today announced the signing of a new contract with Saudi Telecom Corporation (STC), the largest telecommunications provider in Saudi Arabia. According to the terms of the multi-million dollar agreement, Intec will supply Saudi Telecom Corporation with InterconnecT™, its market leading intercarrier billing system. InterconnecT helps operators to maximize revenues and reduce costs by producing statements and invoices for outgoing and incoming call costs to interconnect partners. The strategic project was won in full cooperation with Intec's partner Getronics Middle East, one of the world’s leading providers of Information and Communication Technology (ICT) solutions and services.

“Competition for this contract was extremely tough as it pitted Intec against some of the biggest names in the telecommunications business, including Saudi Telecom Corporation’s existing billing provider,” explains Dr. Cedric Dib, Intec’s Regional Director in the Middle East. After several strategic meetings, Saudi Telecom Corporation selected InterconnecT over its competitors on the basis of its reputation as a scalable and highly adaptable billing solution. Saudi Telecom Corporation was also impressed with the ongoing development of new features for the software, which will ensure that STC has the technology to satisfy complex requirements that are specific to a sophisticated interconnect business models.”

Another key to commercial success for Saudi Telecom Corporation will be the flexibility to support new rating and tariff schemes without stifling innovation as new services come to market. The operator with the most adaptable billing solution will be able to lead the Saudi Arabian market in competitive product bundling and charging methods. InterconnecT will enable Saudi Telecom Corporation to gain this capability, providing a billing system that can immediately support new rate changes and agreements without compromising billing accuracy.

About Saudi Telecom Corporation
Saudi Telecom Corporation, the largest provider of telecommunications in Saudi Arabia, was established in 1998. Since that time great progress in Telecommunication Networks has been achieved. So far, Saudi Telecom Corporation serves the largest number of subscribers in the Middle East. Saudi Telecom Corporation provides multiple communications services, including fixed and mobile, voice and data services based on a variety of transmission systems including microwave, fiber optic, coax, satellite and submarine facilities. For more information, please visit, www.stc.com.sa

About Getronics
Getronics is one of the world’s leading providers of Information and Communication Technology (ICT) solutions and services with ongoing revenues of EUR 2.6 billion in 2003. The company employs approximately 22,000 individuals to support its focus on ICT infrastructure and business solutions, and create business advantage for enterprises and governments in over 30 countries.

Getronics Middle East, operating in this region since early 90s, has direct offices in Saudi Arabia, United Arab Emirates, and authorized partners in Qatar, Bahrain, Jordan, Syria, Egypt and Oman. The company is among the first to introduce ICT end-to-end solutions and services to this region, and its strong local presence with global consistency and capabilities has set the stage for well planned expansion throughout the region. Getronics M.E. has its largest operation in Saudi Arabia and the company is deploying additional resources in the region to meet its planned business growth. Getronics designs, integrates and manages ICT infrastructures and business solutions for many of the world's largest global and local companies and organizations, helping them maximize the value of their information technology investments. For further information about Getronics, visit www.getronics.com

About Intec Billing
Intec 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 £50.7 million, with adjusted net earnings after tax of £4.1 million.

Intec’s product portfolio includes:
· Singl.eView™ – dynamic transaction management/retail billing - also referred to as Singleview.
· Inter-mediatE™ – convergent billing mediation solution;
· InterconnecT™ – inter-carrier billing including US CABS and ITU-based settlement;
· Inter-activatE™ – flow-through provisioning and activation;
· InterconnecT CPM™ – end-to-end content partner management; and
· Intec DCP™ (Dynamic Charging Platform) – real-time pre/post-paid charging.

For more information about Intec and its products and solutions visit www.intecbilling.com.

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