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INTRACOM BULGARIA signs a € 15 million contract with BTC

Athens, January 20, 2009 - INTRACOM TELECOM, a part of SITRONICS, through its subsidiary INTRACOM Bulgaria S.A., announced today the signing of a BGN 30 million (approximately €15 million) contract with the Bulgarian Telecommunication Company (BTC), for the turn-key construction of telecommunication infrastructure works of its GSM network.

Within the framework of the contract, INTRACOM Bulgaria has undertaken the provision of services and the supply of materials related to the built-out of BTC's GSM network. The project is expected to be completed within two years.

Mr. Manos, Managing Director of INTRACOM TELECOM, said: "We are excited to further expand our cooperation with BTC, one of the most dynamic players in the Bulgarian market. We look forward to contribute through the accumulated experience and high quality of INTRACOM Bulgaria's technical services to the rapid rollout and support of BTC"s GSM network."

About BTC

BTC is the Bulgarian leading telecommunications operator. With close to 7,000 professionals, BTC is one of the largest employers of the country. BTC's team strives for excellence and is guided by the values of customer orientation, honesty, dynamism and a high degree of professionalism to ensure the best services to all its customers. BTC offers a full range of telecommunication services - fixed-line and mobile telephony, high-speed Internet and data transfer. Both business and residential clients can receive all their necessary telecommunication services from one provider, tailored to their specific needs. As of today the company has 2.1 million fixed-line telephone subscribers, 1.3 million mobile service users and above 240,000 clients of high-speed ADSL.

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 2,600 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.

About INTRACOM Bulgaria

INTRACOM Bulgaria S.A., a subsidiary of INTRACOM TELECOM, focuses on design and delivery of technology and "turn-key" projects in the field of telecommunications, mobile networks, IT, public administration, banking & finance, also providing training and support for the efficient operation of the delivered applications. INTRACOM Bulgaria, which is today a recognized telecom equipment vendor for BTC and Globul, aims to become a leading provider of ICT services in the country. Currently, the company has over 100 highly-skilled employees, the majority with advanced technical backgrounds.

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