Investment in Telmate

Intec Telecom Systems PLC
01 November 2004


       Intec Telecom Systems invests in Danish OSS company Telmate

  • Adds routing optimisation technology to InterconnecT billing and
    settlement family

1 November 2004 - Intec Telecom Systems PLC is pleased to announce that it has
invested £1.5 million in Denmark-based Operations Support Systems specialist
Telmate. Telmate, which currently has a distribution agreement with Intec, has
developed a strong capability in providing software for the management and
routing optimisation of wholesale telecoms traffic. These capabilities are
complementary to Intec's current market leading position in intercarrier billing
systems and, as part of the new agreement, will be sold as part of Intec's
InterconnecT range. Intec has already integrated Telmate products with its own
systems, and has secured a contract approaching £500,000 in value with a
European carrier, as part of its current distribution agreement. Telmate expects
to generate revenues in excess of £700,000 and to record a small profit for the
full year to 31 December 2004. Sales of Telmate products will begin contributing
to Intec revenues in the current year ending 30 September 2005.

"With the integration of Telmate's sophisticated routing optimisation
technology, Intec has further extended the capabilities of its InterconnecT
billing software family, as well as investing in a company with a good track
record of business development and profitability," said Intec Executive
Chairman, Mike Frayne. "We see optimisation of telecoms traffic trading and
routing as a growth area as carriers seek to improve their operational models.
This additional capability will be attractive to both new and existing Intec
customers."

The Telmate business will continue to be managed by its founders and current
owners. However, the business will be co-located with Intec's existing Denmark
office to maximise the available synergies between the two businesses.

For further information:

Intec Telecom Systems PLC                          [phone]

Mike Frayne, Executive Chairman
Kevin Adams, CEO
Andrew Rodaway, Director of Marketing


Financial Dynamics                                 [phone]

Edward Bridges
James Melville-Ross
Cass Helstrip

Information on 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 £50.7 million, with adjusted net earnings after
tax of £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

Intec's customer base includes, among others, BellSouth, BellSouth Peru, Cable &
Wireless, Cesky Telecom (Czech Republic), China Unicom, COLT Telecommunications,
Deutsche Telekom, EBT (Taiwan), EDS, Eircom (Ireland), France Telecom, Hutchison
3G, Maxis (Malaysia), Nitel (Nigeria), Reliance (India), Singtel Optus
(Australia), O2 Ireland, Orange, Telecom Argentina, Telecom Egypt, Telecom
Italia, Tiscali, TPSA (Poland), Swisscom, T-Mobile International, Telefonica,
Telia (Sweden), Telkom South Africa, Telstra, US Cellular, Westel (Hungary),
Vodafone, VimpelCom (Russia), Virgin Mobile, Vivo (Brasil) and Verizon.





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