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INTRACOM TELECOM announces Multi-Million Projects in Russia

Athens, Greece - 28 April 2009 - INTRACOM TELECOM, a part of SITRONICS, announced two frame contracts worth USD 45 million in total, for the supply of INTRACOM TELECOM's point-to-point (INTRALINK) and point-to-multipoint (WiBAS) radio equipment to MTS Russia, the country's largest mobile operator.

The duration of both frame agreements is 12 months, while the turnkey implementation of the WiBAS project has been undertaken by INTRACOM SVYAZ, the Russian subsidiary of INTRACOM TELECOM. Mr. A. Manos, Managing Director of INTRACOM TELECOM, commented: "This new sizeable project is a major step in our successful cooperation with the leading mobile operator in Russia, and further enhances our company footprint in the CIS region."

INTRACOM TELECOM has been innovating in the wireless access and transmission field for over 15 years, having successfully developed and deployed point-to-point and point-to-multipoint systems with numerous operators in Europe, Middle East, America, Asia and CIS. The company has strategically focused and is investing heavily on the continuous evolution of its wireless product lines. In the growing shift to broadband, IP based converged networks, INTRACOM TELECOM is incorporating the latest standards and state-of-the-art technologies in order to deliver cost effective wireless solutions that address the new requirements of its customers.

About MTS

Mobile TeleSystems OJSC («MTS») is the largest mobile phone operator in Russia and the CIS. Together with its subsidiaries, the Company services over 96 million subscribers. The regions of Russia, as well as Armenia, Belarus, Turkmenistan, Ukraine, and Uzbekistan, in which MTS and its associates and subsidiaries are licensed to provide GSM services, have a total population of more than 230 million. MTS has been listed on the New York Stock Exchange since July 2000 and trades under the ticker MBT. In April 2008, MTS brand was the first and the only Russian brand to be recognized as one of the BRANDZ™ Top 100 Most Powerful Brands, a ranking published by the Financial Times and Millward Brown, a leading global market research and consulting firm.
For more information please visit: www.mts.ru.

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.

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