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INTRACOM TELECOM signs a [euro]40 million contract with the Syrian Wireless Organization.

INTRACOM TELECOM, a part of SITRONICS Telecom Solutions business division, today confirmed a [euro]40 million agreement with the Syrian Wireless Organization for the deployment of a wireless telecommunications network in Syria.

Under the framework of this contract, INTRACOM TELECOM will build a national wireless network providing public institutions with emergency and disaster communications and a substitute communication network. This turn-key project will employ TETRA technology from the Italian SELEX Communications S.p.A., and is estimated to be completed within 22 months.

Mr. Alexandros Manos, Managing Director of INTRACOM TELECOM, commented: "After a very challenging selection process, INTRACOM TELECOM was awarded by the Syrian Wireless Organization the deployment of this large-scale project. This state-of-the-art network will provide fast, reliable, high-quality and cost-effective telecommunication services across Damascus and numerous provinces of Syria. This project award establishes a key strategic partnership with SWO, further leveraging our potential in

the MEA markets and broadening our international business portfolio."

The agreement between the Syrian government's SWO and INTRACOM TELECOM was signed in Damascus before Syria's Communications Minister, Imad Abdul-Ghani Sabbouni, and the Hellenic Foreign Ministry representative.

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Date:May 14, 2008
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