Following an initial announcement on 13 May, Intec Telecom Systems today confirmed that it has signed one of the largest deals in the company`s history for the supply of software and associated services to a customer in the Asia-Pacific region.
This Indonesian government-backed project, which will create the first and largest inter-carrier traffic clearing system in the territory, will begin implementation during the latter half of 2004 and will continue into 2005. Intec does not expect that revenue from the deal will have a material impact on its current 2004 financial performance, but that it will be able to recognise the majority of the contract value in its 2005 business year. The agreement will last 10 years.
The contract allows Intec to provide a complete suite of products that complement the end-to-end process of the inter-carrier traffic clearing system. These processes include the collection and mediation of CDRs right through to the rating process as well as the reconciliation and settlement processes. Among the products implemented are both of Intec`s flagship applications, convergent mediation and interconnect billing systems, both leaders in their respective fields and widely used among major carriers worldwide. The selection of Intec followed a highly competitive evaluation against many other vendors, with a particular emphasis on performance and value in a high-volume environment. During this evaluation process Intec demonstrated a strong dominance through its solutions` abilities, such as robustness, security, reliability and scalability. Intec has been involved with its local partner, Pratama Jaringan Nusantara (PJN), right through from the design phase to winning the project. The deal is expected to substantially enhance the local presence of both companies.
"With the complete suite of Intec`s robust technology, the highest level of its management commitment and its vast regional knowledge and experiences in interconnect settlement, I am confident that we can effectively and efficiently deliver our objectives both to the government and to our customers," said Eddie Sudijono, PJN`s President Director. "Seamless integration, operation audit ability, well-defined business processes and individualised environment are the main drivers for our success. Intec plays tremendous roles in all of them."
"This agreement is certainly the largest deal that Intec has signed in Asia-Pacific, and one of the largest ever worldwide," said Kevin Adams, Intec`s CEO. "It underlines our capability to provide solutions for the most technically demanding carrier environments, as well as our global delivery and service capabilities."
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Intec Telecom Systems is the world`s leading operations support systems product vendor for fixed, mobile and next-generation networks (ie WLAN, 3G and IP), with more than 570 installations of its products worldwide in over 400 customers. Founded in 1997, Intec was listed on the London Stock Exchange (Code: ITL.L) in June 2000. In 2003 Intec reported revenues of lb50.7 million, with adjusted net earnings after tax of lb4.1 million.
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