Megasoft signs deal with Teletalk Bangladesh for a suite of mobile services

Megasoft signs deal with Teletalk Bangladesh for a suite of mobile services

The over US $ 1 million agreement to help enhance roaming services in Bangladesh’s nascent mobile market

Mumbai, November 22, 2006: Megasoft Limited (BSE CODE NO: 532408), a transnational Intellectual Property-driven, product-based technology company, has been chosen by Teletalk Bangladesh for a suite of mobile services. Megasoft’s telecom division XIUS is a leading provider of highly specialized OSS & Roaming solutions to the telecom industry.

The range of services to be provided by Megasoft under the deal, include SMS Auto Correct, PowerRoam, SmartRoute, Welcome Notification, InstaRoam, SMS aggregation and others. The deal size is a little over US $ 1 million.

Announcing the deal, Mr. GV Kumar, MD & CEO, Megasoft Limited, said “It is a prestige for Megasoft to enable a superior mobile service in the Bangladesh market. With the help of XIUS, Teletalk Bangladesh has become the only operator to provide International SMS with its SMS Aggregation tool and instant Roaming access to 400 networks where as they had just 30 bilateral prior to our deal thus providing worldwide connectivity to the valued customers of Teletalk.”

Commenting on the deal, Md Obaidullah, Managing Director, Teletalk Bangladesh, stated “This is the first time 0.4 millions of subscribers in Bangladesh will benefit from a range of services and help in improved end-user satisfaction including Instant International Roaming as well as SMS services for the out roamers.”

About Megasoft Limited (www.megasoft.com)

Established in 1994, Megasoft is a transnational Intellectual Property-driven, product-based technology company that focuses on its expertise in the growing Telecom sector. The company has initiated a strategic transition – from a midsized IT services company to a leading domain-led Intellectual Property (IP)-driven technology company. Megasoft is a SEI CMM Level 4 company that operates out of USA, UK, Singapore, Malaysia and Germany, and in Hyderabad and Chennai in India. Megasoft is publicly listed in the Bombay Stock Exchange and the Madras Stock exchange. Megasoft has a January~December Financial Year. For the fiscal ending December 31, 2005, the revenues stood at Rs. 115 Crore (Rs.85 Crore for full year FY 2004) and profits were Rs. 20 Crore. After the amalgamation of Xius with it in 2004, Megasoft’s Telecom offerings are now being offered to Telecom operators across all continents. Additional information about Megasoft is available at www.megasoft.com

XIUS (www.xius.org), the telecom division of Megasoft, is a leading global provider of Convergent Billing, Advanced Roaming and Interoperability solutions to Wireless and Wireline Operators, MVNOs, ISPs and other Network Service Providers.

About Teletalk Bangladesh Limited (www.teletalk.com)

Teletalk Bangladesh Limited is owned by the Bangladesh Government and formed as a public limited company under the Companies Act 1994 on 26th December 2006.

For further information contact:

Ravindranath Alagar (VP – Marketing) +91 98669 95510

ravia {at} xius(.)com

Tel:+ 91 40 5566 4646

Tanuja Abhinandan +91 98192 48980

tanuja.abhinandan {at} adfactorspr(.)com

Tel: +91 22 2287 1361

Naini Roychoudhury +91 98199 00135

naini.roychoudhury {at} adfactorspr(.)com

Tel: +91 22 2287 1361