Megasoft Limited (BSE CODE NO: 532408), an Intellectual Property-driven, product-based technology company, has been selected by MTNL New Delhi to provide roaming management services and focus on setting up roaming agreements. Megasoft’s telecom division called XIUS is a leading provider of specialized solutions to the telecom industry.

Under this agreement, Megasoft will provide core services to MTNL New Delhi, including the signing up of roaming bilaterals, and also includes roaming management services. This deal will benefit millions of MTNL subscribers as this innovative XIUS solution to MTNL will provide instant access to subscribers. It will also enable an automatic selection of the network while the customer is roaming instead of manual switching over the network.

Mr. GV Kumar, MD & CEO of Megasoft, said “MTNL is one of the largest telecom companies in India and we are delighted to be their selected as their partner. This will result in an increased customer satisfaction level and also widen MTNL’s roaming network with the help of our manpower expertise and services. This cutting edge service from XIUS would enhance their customer satisfaction and also the revenue generation opportunities.”

About Megasoft Limited
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.