INTRACOM S.A. HOLDINGS

INTRACOM TELECOM- 3 month deployment of Radio Link Network in India .

INTRACOM TELECOM, a part of SITRONICS Telecom Solutions business division, today announced that it has completed the installation of its Radio Relay equipment, INTRALINK, for Shyam Telelink Limited.
More specifically, INTRACOM TELECOM has completed a turn-key project, worth USD 5.7 million, including the supply, installation and commissioning of a Point-to-Point Radio Link network for Shyam Telelink's expansion in the Rajasthan area. The duration of this project was only 3 months.
Mr. Alexandros Manos, Managing Director of INTRACOM TELECOM, stated: "This project illustrates INTRACOM TELECOM's capabilities to initiate and run large scale projects in greenfield and demanding markets, within a short period of time. We are pleased to cooperate with STL and look forward to further contributing with our products and services to its ambitious project, to expand to 27 Indian states with approximately 95% of the country's population".
About Shyam Telelink Limited.
Shyam Telelink Ltd., was recently awarded unified telecommunication licenses for provision of fixed-line and cellular services in 21 Indian circles. As a result, the Company will hold licenses, including the licenses already obtained in the state of Rajasthan, covering the whole of India. The company also controls 100 percent of the local internet service provider Shyam Internet Ltd. Shyam Telelink owns a developed telecommunications infrastructure in state of Rajasthan, which includes 4,000 kilometers of fiber-optic lines. Shyam Telelink provided services to over 258,000 subscribers as at the end of September 2007.
About INTRACOM TELECOM.
INTRACOM TELECOM is a leading developer and producer of telecommunication systems as well as provider of integrated solutions and professional services to fixed and mobile operators in the EEMEA region. Over 100 customers in more than 50 countries choose INTRACOM TELECOM for its state-of-the-art products and solutions. INTRACOM TELECOM has 2,700 employees, operates subsidiaries in 14 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, a leading diversified holding company in Russia and the CIS. INTRACOM HOLDINGS Group (Greece) retains a 49% stake.
Information for Press only.
INTRACOM TELECOM:
Alexandros Tarnaris, Media & Public Relations Manager, tel. +30-210-667-7027, e-mail: atarnar@intracom.com
Danka Zafiratou, Marketing Communications Director, tel. +30-210-667-9804, e-mail: dzaf@intracom.com