Consistel Prepares for Global Drive with JAFCO Asia and Intel Capital

Consistel Prepares for Global Drive with JAFCO Asia and Intel Capital

August 20, 2007

    SINGAPORE, Aug. 20 /Xinhua-PRNewswire/ -- Consistel Pte
Ltd today announced the completion of a successful round of
equity financing jointly led by JAFCO Asia and Intel
Capital.  Consistel is a wireless network solutions
provider and system integrator specializing in in-building
coverage solutions, network planning and optimization,
revenue assurance and other network services for the
wireless telecommunications industry, which is undergoing
significant transformation from 2G to 3G/3.5G and WiMAX. 

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    "We are pleased to be included in the investment
portfolios of JAFCO Asia and Intel Capital.  We believe
this will enable us to strengthen and expand our market
presence and continue to develop industry-leading solutions
for the wireless telecommunications industry," said
Masoud Bassiri, Chairman and CEO of Consistel Pte Ltd.

    "We are excited to become part of Consistel, and
hope to work closely with its exceptional management team
to further scale the business into new geographies and
business segments.  Consistel's strong market position and
excellent growth prospects made for a compelling investment
opportunity," said Byron Askin, Senior Director of
JAFCO Asia. 

    "Today's announcement illustrates the momentum
behind mobile broadband wireless technologies," said
Sudheer Kuppam, Managing Director, Intel Capital India,
Japan, Australasia & South-East Asia.  "Indoor
coverage solutions are a rapidly expanding mobile market
sector, particularly in South Asia and the Middle East. 
Our investment in Consistel is part of Intel Capital's
strategy to expand usage while creating new capabilities
for high-speed wireless networks worldwide."

    Consistel has engaged with over 40 major mobile phone
operators throughout South Asia and Middle East.  With
offices in 10 countries, the company has quadrupled its
bookings and contracts in the past 12 months.

    "The investment from JAFCO Asia and Intel Capital
will not only assist us to accelerate the roll-out of our
large backlog of orders but also fuel our efforts to secure
more orders in the rapidly growing cellular mobile markets
in South Asia and the Middle East.  Consistel will be
entering into an exciting new phase in its growth,"
added Masoud Bassiri.

    About Consistel 

    Consistel is a global wireless solutions provider and
system integrator specializing in In-Building Wireless
Coverage solutions, Revenue Assurance and wireless network
services ranging from business and technical consulting to
network design, deployment and management.  Consistel's
in-building solutions empower wireless operators to
increase and enhance their coverage, especially in wireless
blind-spot environments such as in buildings and in tunnels.
  Consistel is also a leader in total revenue assurance
solutions.  Based on a fully integrated software platform,
Consistel offers one of the most powerful platforms
available for end-to-end revenue assurance addressing
leakage and fraud.  With customers spanning 40 countries
and solutions powering more than 2,600 systems/buildings
across South Asia and the Middle East, millions are
benefiting from Consistel's solutions. For more
information, please visit http://www.consistel.com .

    About JAFCO Investment (Asia Pacific) Ltd

    JAFCO Asia is one of the leading brands in the venture
capital industry in the Asia-Pacific region.  Its primary
focus is to invest in promising technology enterprises with
high-growth potential.  Established since 1990 and with
offices in Singapore, Hong Kong, Beijing, Taipei and Seoul,
JAFCO Asia manages more than US$850 million in funds with a
track record of over 330 portfolio companies and over 220
exits, of which more than 80 have been publicly listed. 
JAFCO Asia's parent company, JAFCO Co., Ltd.
("JAFCO"), is listed on the Tokyo Stock Exchange
and is the preeminent Japanese venture capital manager with
more than US$2.5 billion committed worldwide.  JAFCO is part
of the Nomura Group of Companies. For more information,
please visit http://www.jafcoasia.com .

    About Intel Capital

    Intel Capital, Intel's venture capital organization,
makes equity investments in innovative technology start-ups
and companies worldwide. Intel Capital invests in a broad
range of companies offering hardware, software, and
services targeting enterprise, home, mobility, health,
consumer Internet, semiconductor manufacturing, and
cleantech.  Since 1991, Intel Capital has invested more
than U.S. $6 billion in approximately 1,000 companies in
over 40 countries.  In that timeframe, about 157 portfolio
companies have gone public on various exchanges around the
world and another 187 have been acquired by other
companies. In 2006, Intel Capital invested about US$1.07
billion in 163 deals with approximately 60 percent of funds
(excluding Clearwire) invested outside the United States. 
For more information on Intel Capital and its
differentiated advantages, visit
http://www.intelcapital.com .


    Media contacts:

     Ruby Lim
     Consistel Pte Ltd
     Tel:    [phone]
     Mobile: [phone]
     Email:  [e-mail]

     Nick Jacobs
     Intel Asia Pacific
     Tel:    [phone]
     Mobile: [phone]
     Email:  [e-mail]

     Bryon Askin
     JAFCOASIA
     Tel:   [phone]
     Email: [e-mail]