Intec, a supplier of operations and business support systems for carriers, said today it has signed a new contract with Saudi Telecom Corp. (STC), the largest telecommunications provider in Saudi Arabia.
The agreement – whose terms are only being disclosed as “multimillion dollar” – calls for Intec to supply STC with its intercarrier billing system, InterconnecT. The product creates statements and invoices for all call costs to interconnect partners. Among other features, it also adjusts for rate changes.
"This is an extremely important customer contract for Intec," says Kevin Adams, Intec's CEO. "As one of the leading telecom companies in the region, STC serves as a role model for many operators in the Middle East, including domestic and international providers. We will work closely with the company to ensure that InterconnecT is successfully implemented across STC's networks in time for the deregulation of the country's telecoms sector."
As deregulation takes effect in Saudi Arabia, Intec says STC will need a billing system that can manage different interoperator settlement agreements.
"Competition for this contract was extremely tough as it pitted Intec against some of the biggest names in the telecommunications business, including STC's existing billing provider," adds Peter Deane, Intec's managing director for the EMEA region.
