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INTRACOM TELECOM Receives Award from HP

Athens, 31 January 2011 - INTRACOM TELECOM, a part of SITRONICS, today has announced that it had received the HP TeMIP award at the HP TeMIP User Group meeting, held in Barcelona, Spain, in December, 2010. INTRACOM TELECOM, a key HP partner, received this award for its OSS Innovations and Transformation capabilities within the framework of the HP partnership program.

The award acknowledges INTRACOM TELECOM's state-of-the-art OSS solution capabilities based on the HP TeMIP platform. These solutions offer faster resolution of network operation issues, increased subscribers' satisfaction and retention, as well as optimization of operators' resources. INTRACOM TELECOM, aiming to improve the competitiveness of its customers, has invested in HP TeMIP architects, engineers, developers and consultants, to establish an efficient team that delivers innovative, high-quality network and service assurance solutions.

Mr. Anastasios Dimopoulos, Head of INTRACOM TELECOM's Telco Software Business Division, stated: "The successful cooperation between HP and INTRACOM TELECOM in the Telco Software field has led to a significant number of large-scale deployments to major telecom operators internationally. INTRACOM TELECOM has been working closely with HP on HP TeMIP since 2000. Our field-proven experience in deploying turn-key solutions based on TeMIP, tailor-made to customer requirements, along with our extensive know-how and expertise in OSS and the telecom environment, are the key differentiators for being selected by our customers." "Telecom operators are enhancing customer satisfaction by drawing on INTRACOM TELECOM expertise and HP NGOSS solutions," said Philippe Leon, Director, Communications and Media Solutions, HP. "INTRACOM TELECOM is making the investments that are needed to help operators manage their networks and services more efficiently. The award from HP represents ten years of successful cooperation on behalf of our common customers."

About INTRACOM TELECOM

INTRACOM TELECOM is an international telecommunication systems vendor operating in Eastern Europe, the Middle East & Africa, Russia, the CIS and Asia-Pacific. Over 100 customers in more than 50 countries choose INTRACOM TELECOM for its state-of-the-art products and solutions. INTRACOM TELECOM has 2,300 employees, operates subsidiaries in 16 countries and is amongst the largest European companies leading in R&D investments. Since June 2006, INTRACOM TELECOM is 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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