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Intec Telecom Sys (ITL)

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Monday 28 January, 2002

Intec Telecom Sys

Acquisition

Intec Telecom Systems PLC
28 January 2002

               Intec Telecom Systems PLC ('Intec' or 'the Group')


Acquisition of ICL's telecoms mediation and billing product business



                  Intec customer base grows by 33 to over 270

           ICL and Intec enter into worldwide partnering agreement



28 January 2002: London. Intec Telecom Systems plc (ITL.L), a major global
supplier of telecoms Operational Support Systems ('OSS'), announced today that
it has agreed to acquire the OSS product business of ICL, a Fujitsu company.
Intec and ICL will also enter into a worldwide partnering agreement, with ICL
offering Intec's mediation and billing software to telecoms customers. ICL will
now focus on systems integration and consulting services in the telecoms sector.



The initial consideration for the acquisition is £2.85 million in cash, and in
addition deferred cash consideration with a value up to £0.9 million may be
payable, calculated by reference to support contract revenues over the next 24
months.  Intec had current cash resources amounting to some £15 million at 31
December 2001. Intec expects that the acquired customer contracts and other
opportunities will make a positive contribution in current and future years.
Intec will provide support for the ICL products under current contracts, with a
defined migration strategy to Intec's next-generation software.



The agreement is for the transfer of ICL's mediation product business, SIMS,
and interconnect billing product business, Prospero, to Intec. It will further
strengthen Intec's leadership in interconnect and mediation as it increases its
market share by adding around 33 telecoms operators in Europe, Asia-Pacific and
Latin-America, including Omnitel, Vodafone, COLT and KPN, bringing the total to
over 270.  ICL will henceforth focus on providing consultancy, integration and
professional services, such as training and support, to the telecoms market.

Intec has also entered a global distribution partnership with ICL.  Under this
new alliance ICL becomes a strategic Intec partner, able to sell, integrate and
support Intec's range of software products, including its interconnect billing
and mediation products, InterconnecT and Inter-MediatE.



Mike Frayne, Executive Chairman of Intec, said: 'The agreement with ICL will
extend Intec's market leadership in both interconnect billing and mediation. The
acquisition of an additional 33 customers allows Intec to grow its business base
more rapidly, and to increase its revenue stream from support contracts and
additional product sales.  Intec will also benefit from a new partnership
agreement with ICL, and the acquisition of reseller agreements in certain key
markets.'  He added: 'Intec has always had an aggressive market share strategy,
and this deal is consistent with our ambition to build and maintain market share
leadership in key operational areas for telecoms companies.'





                                     -Ends-





An analyst conference call is scheduled for 0930 UK time today.

Dial-in number:  +44 (0) 20 8400 6327        Password: Intec Telecom Systems
Replay (48 hours)  +44 (0) 20 8797 2499     Replay PIN:  118396£





Enquiries:



Mike Frayne, Executive Chairman

Intec Telecom Systems PLC

+44 (0) 1483 745800

mike.frayne@intec-telecom-systems.com



Andrew Rodaway

Intec Telecom Systems PLC

+44 (0) 7768 808082

andrew.rodaway@intec-telecom-systems.com



Jag Mundi / Lee Aston

Investec Henderson Crosthwaite (broker and joint financial adviser)

+44 (0) 20 7597 5970

jmundi@investec.co.uk / laston@investec.co.uk





Cubitt Consulting

Fergus Wylie/Serra Balls

+44 (0) 20 7367 5100

serra.balls@cubitt.com





Notes to Editors



Intec Telecom Systems



Intec Telecom Systems is a leading worldwide Operations Support Systems ('OSS')
vendor for fixed, mobile and IP/next-generation networks, with more than 240
customers for its products worldwide.  Founded in 1997, Intec was listed on the
London Stock Exchange (Code: ITL.L) in June 2000. Intec is the most successful
supplier of packaged intercarrier billing and convergent mediation software,
with more installations, and more major telecom operators using its solutions
than any other supplier. Intec's portfolio includes:

•           Inter-venE(TM) -- telecom fraud management software

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

•           InterconnecT(TM)- inter carrier billing including CABS and ITU

•           Maxi-routE(TM) -  least cost routing solution

•           Omni-chargE(TM) - billing for all types of non-call telecom
            services



Intec's customer base includes, among others, AT&T, Axtel (Mexico), BellSouth,
BellSouth Peru, Brazil Telecom, Cable & Wireless, Cesky Telecom (Czech
Republic), COLT Telecommunications, EBT (Taiwan), France Telecom, Hutchison 3G,
ITXC, Maroc Telecom, MCI Optus (Australia), Orange, Telecom Argentina, Telecom
Italia, TPSA (Poland), Stentor (Canada), Swisscom, T-Mobile International, Telia
(Sweden), Telkom South Africa, Telstra, US Cellular, Westel (Hungary), Vodafone
and Verizon. For more information on Intec Telecom Systems, visit the Web site
at www.intec-telecom-systems.com.





                      This information is provided by RNS
            The company news service from the London Stock Exchange