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INTRACOM TELECOM Delivers a USD 22.7 Million Turn-Key IT Infrastructure to Warid Telecom in Uganda

Athens, Greece - 07 April 2008 - INTRACOM TELECOM, a part of SITRONICS Telecom Solutions business division, today announced the delivery of its end-to-end information technology infrastructure to Warid Telecom's operation in Uganda. The Warid telecom network was succesfully launched and has been operating since February 2008.

Within the framework of this agreement, INTRACOM TELECOM and its sister company SITRONICS Telecom Solution, Czech Republic, undertook the supply and implementation of the FORIS Next Generation Convergent Integrated Customer Care & Billing Platform and a suite of state-of-the-art Operational Support Systems, aiming to successfully support Warid's telecom network requirements, and expand its offerings to the market.

Mr. Zul Javaid, Country General Manager of Warid Telecom, said: "Warid selected INTRACOM TELECOM based on its capability as a systems integrator, bringing together multiple systems, including Billing, CRM, Contact Center and Enterprise Support System (ESS), under one umbrella".

Mr. Alexandros Manos, Managing Director of INTRACOM TELECOM, commented: "We have identified Uganda as a rapidly developing and promising telecom market. Over the last 10 years, INTRACOM TELECOM has been focusing on the wider MEA region and through its subsidiaries acts as a local company for its projects. The contract we have signed with Warid Telecom further solidifies our presence in the African continent, thus setting the cornerstone for new co-operations. We look forward to supporting Warid Telecom and contributing to the achievement of their business goals."

About Warid Telecom

Warid Telecom is owned by the Abu Dhabi Group, led by His Highness Sheikh Nahayan Mabarak Al Nahayan. Warid Telecom is one of the region's fastest expanding telecommunication operators with operations in Pakistan, Bangladesh, Uganda and in the Republic of Congo. It has also undertaken network rollouts in Cote d'Ivoire and in Georgia.

For more information on the Uganda operation, please visit www.waridtel.co.ug

About INTRACOM TELECOM

INTRACOM TELECOM is a leading developer and producer of telecommunication systems as well as provider 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 14 countries and is amongst the largest European companies leading in R&D investments. Since June 2006, INTRACOM TELECOM has been controlled by JSC SITRONICS (Russia) with 51%. JSC SITRONICS is the technology subsidiary of JSFC SISTEMA, the largest consumer services company in Central and Eastern Europe. INTRACOM HOLDINGS Group (Greece) retains a 49% stake.