Dublin Company Wins Major Teleco Contract on Russia Trade Mission

Minister Kelleher Leads Enterprise Ireland Trade Mission to Russia

The Minister for Trade and Commerce Mr. Billy Kelleher T.D. today (21^st May 2009) announced that Dublin company i-conX Solutions has secured a significant contract with major GSM mobile telecoms operator, Tele2 Russia.

The announcement was made during the Enterprise Ireland trade mission to Russia which is taking place this week. i-conX, a client company of Enterprise Ireland, provides expert billing services specialising in managing wholesale transactions between carriers – a complicated settlement process referred to as interconnect accounting.

The deal – details of which are still to be confirmed - follows a spate of successful contracts for i-conX worth a combined €2.3m. During another Enterprise Ireland trade mission to the UAE in November 2008, i-conX secured a €1.3m with Palestinian teleco Paltel and Iraqi operator Newroz. The technology company has also just announced an open-ended contract with Belgium’s BASE Telecom, anticipated to generate €1m over the next three years.

Making the Tele2 announcement Minister Kelleher said:

“i-conX is the world’s fastest growing interconnect vendor, securing 14 new contracts since 2006. This contract, represents another significant milestone for the specialist technology company as Tele2 Russia has more than 10.5 million subscribers. Tele2 is also the largest single-country operation within the Swedish-owned Tele2 operator group, which serves a total of 24m customers across 11 European countries.”

“i-conX’s success should be an inspiration to other software and high technology companies seeking to export their products and services to consider this extremely promising high-growth market.”

i-conX, Vice President Sales and Marketing Gavin Stewart said:

“We are extremely proud to have secured this prestigious contract with Tele2 Russia, which represents a significant addition to our customer base. There are obvious parallels with i-conX and a carrier like Tele2. Its Russian operation has a young and dynamic team and has demonstrated spectacular subscriber growth in recent years. As a fast growing business ourselves, we recognise and admire this quality.”

Enterprise Ireland’s Head of International Sales and Partnering Gerry Murphy added:

“i-conX is a high-tech, high growth company that is achieving remarkable success in several export markets, most recently, Russia. Its success is testament to a combination of ambition, tenacity and a dedication to innovation and excellence. This significant contract with one of the world’s leading telecos confirms i-conX’s position as a global expert source for independent business advice, as well as a trusted service provider and will spur the company’s next wave of global growth.”

ENDS\TC370

Notes to Editor:

About i-conX Solutions

Based in Dublin, Ireland, i-conX solutions provides expert interconnect services to the telecommunications industry.

Founded in 2001, the company has established itself as a key player in the interconnect billing market offering licensed/installed packages as well as partial and fully outsourced options, tailored to customer requirements.

i-conX’s international success has been instrumental in achieving a sustained 40 per cent year-on-year growth with its EMEA customer base including high profile carriers such as Cable & Wireless, EITC du, BASE (KPN) and MagtiCom. In recent times i-conX has enjoyed particular success in emerging markets across Europe, the Middle East and Africa, largely through its comprehensive commitment to on-the-ground delivery support.

Headed-up by CEO, Martin Browne, its unique positioning as a company entirely dedicated to interconnect issues has seen i-conX become an expert source for independent business advice, as well as a trusted service provider. Its 25-strong team offers hundreds of years combined experience and the board boasts some of the industry’s most knowledgeable and respected interconnect specialists.

Interconnect Billing - Technical background

Interconnect billing is a form of settlement between telcos. As well as the charges for which the consumer is billed, every call produces a parallel charge between the connecting network operators.

i-conX’s solutions ensure that interconnect reconciliation between telco operators is managed as accurately as possible to significantly reduce risk margins and protect against lost revenue.

The i-conX system alerts customers to any errors and substantial gaps in service, tracks missing data and identifies network issues to protect against under-billing and, likewise, the threat of being under or over-charged. In addition, the company also offers least cost routing functionality which enables telcos to identify the most cost effective route for interconnect call traffic.

For further information on i-conX contact:

Rachael Collinge/ Abi Buckley

Marketecture

Tel: +44 (0) 161 786 8040

Email: rachael.collinge@marketecturegroup.co.uk