ATHENS -- INTRACOM TELECOM, a part of SITRONICS, today announced the signing of a frame contract with ZTE, a leading provider of telecommunications equipment and network services to build-out the CDMA network of Sistema Shyam TeleServices Limited (SSTL) in India, operating under the brand MTS India.

Under this USD 85 million contract, INTRACOM TELECOM will be complementing ZTE’s CDMA solution with its family of high and low capacity PDH and SDH Radio Relay equipment (INTRALINK). The two vendors will be cooperating under this agreement in order to implement SSTL’s aggressive Pan-Indian rollout plans.

“The collaborative effort between INTRACOM and ZTE to build the Sistema Shyam TeleServices Ltd. CDMA network in India will leverage on the strengths of these companies. At the same time, they will positively catalyse our network expansion plan throughout India in the coming months”,commented Mr. Raymond Armes, Deputy CEO, Sistema Shyam TeleServices Ltd.

Mr. Alexandros Manos, Managing Director of INTRACOM TELECOM, stated: “We are pleased to partner with ZTE and be trusted by SSTL to supply our market leading product for its Pan-Indian network expansion. The state of the art products offered aim to effectively support SSTL’s business goals, maximize operational efficiency and guarantee the quality and expandability of the network.”

Intracom Holdings S.A.

Sistema Shyam TeleServices Ltd.

ZTE Corp. (Shenzhen: 000063; Hong Kong: 0763)