SITRONICS unites the Strom Telecom and Intracom Telecom subsidiaries in the Middle East

Prague, Athens, 26 January 2007 – SITRONICS unites the subsidiaries of Strom Telecom and Intracom Telecom, the members of the SITRONICS Telecommunication Solutions Division, in the Middle East.

STROM telecom, a producer of high-end telecommunications equipment, information systems and technologies, merged its Dubai branch office with INTRACOM Middle East, the subsidiary of INTRACOM TELECOM in Dubai. Under INTRACOM Middle East’s name, the merged office will cater to customers in 12 countries within the region, with an expanded portfolio comprising of advanced network equipment, infrastructure and OSS/BSS information systems for telecommunication operators.

“STROM telecom and INTRACOM TELECOM are complementary to each other and they share many of their customers in the strategic Middle Eastern market,” said Rainer Grumann, STROM telecom’s Executive Vice President Sales & Marketing of STROM telecom.

“Synergies between STROM telecom and INTRACOM will allow us to be more efficient in addressing the needs of our local customers while the union of the two companies’ sales forces in the region will increase our market reach,” Mr Grumann added.


INTRACOM Middle East will reinforce its internal structure to leverage STROM telecom’s expertise in OSS/BSS systems which allow operators to offer new services for Next Generation Networks like personalized mobile plans or triple play solutions with converged billing, an area where INTRACOM TELECOM is specializing and targeting in the region. Operations of STROM telecom and INTRACOM TELECOM in the Middle Eastern region will be led by Mr. Stavros Vougas, Managing Director of INTRACOM Middle East for the last three years, who said: “The merger comes at the right time since our companies are intending to sustain their growth in the ever expanding telco market in the Middle East region and with this merger we will increase our presence both in terms of offerings and customer base”.

About SITRONICS
SITRONICS is a leading provider of telecommunication solutions, including software, equipment and systems integration, IT solutions and microelectronic solutions in Russia and the Commonwealth of Independent States with a strong presence in Eastern Europe and a growing presence in the Middle East and Africa.

SITRONICS serves over 3,500 clients, maintains offices in 25 countries and exports its products and services to more than 60 countries. SITRONICS has over 10,000 employees of which approximately 4,600 are involved in research and development.

SITRONICS key business operations are based in Prague, Czech Republic and Athens, Greece for its Telecommunication Solutions division and in Kiev, Ukraine and Zelenograd, Russia, for its IT Solutions and Microelectronic Solutions divisions, respectively.

For the nine months ended 30 September 2006, SITRONICS’s revenues and OIBDA[1] were $1,049.8 million and $114.7 million, respectively. As of 30 September 2006, SITRONICS had total assets of approximately $1.6 billion.

SITRONICS is majority owned by Sistema, a leading consumer services holding company in Russia and CIS.

SITRONICS has developed strategic alliances in its home markets with Cisco Systems, STMicroelectronics, Infineon and Giesecke & Devrient in relation to certain products and services. SITRONICS has vendor relationships with Siemens, Ericsson, Motorola, ORACLE, Intel, Sun Microsystems and Microsoft. Key customers include Sistema group companies, such as MTS, Comstar UTS and MTT, and also OTE, Cosmote, Vodafone, Ericsson, Arcelor Mittal (formerly Mittal Steel), Banca Intesa and TCL of China.

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About STROM telecom, a. s.
Founded in the Czech Republic in 1993, STROM telecom develops and produces high-end communications equipment and ICT systems with proven performance and reliability. The company also provides diverse services to enable its customers to effectively plan network development and to optimise business processes. STROM telecom now has over 1,200 employees, 70 % of whom are dedicated specialists and developers working at the company’s locations in the Czech Republic, Russia, France, Germany, United Arab Emirates, Malaysia, Bosnia and Herzegovina, Slovakia and Ukraine. STROM telecom products are installed in over 50 networks in 14 countries, serving over 65 million subscribers. STROM telecom is a member of the SITRONICS Telecommunications Solutions Division.

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About INTRACOM TELECOM
INTRACOM TELECOM is a leading developer and producer of telecommunication systems as well as supplier of integrated solutions and professional services to fixed, wireless and mobile operators in the EEMEA region. Μore than 100 customers in over 50 countries choose INTRACOM TELECOM for its state-of-the-art products and solutions. INTRACOM TELECOM has 2,600 employees, operates subsidiaries in 12 countries and is amongst the largest European companies leading in R&D investments. The systems and products offered by INTRACOM TELECOM address the network and service requirements of incumbent and competitive local exchange carriers operating wireline, wireless, and mobile communications networks. INTRACOM TELECOM focuses on the development of infrastructure and application products that enable operators and service providers to offer new value-added services to their customers, thereby producing higher returns and prevailing over the continuously growing competition. The systems also cover voice and data transmission requirements over a variety of networks, including those of public administration agencies, public utility companies, private enterprises, banks and others. INTRACOM TELECOM is a member of the SITRONICS Telecommunication Solutions Division.

Contact Information

Sergey Filippov

Sitronics Pulic Relations

SITRONICS

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