STOCKHOLM, May 27 /PRNewswire/ --

- Qtel Award Ascade the Contract for the Complete Suite of the Carrier Cockpit(TM) Platform; From Routing and Trading to Quality Management and Interconnect Billing.

Ascade, the global market-leader in advanced Routing & Trading, Billing and Quality solutions for the Interconnect market, today announced that Qtel, the Qatar based highly international carrier, has awarded a contract for the full suite of Carrier Cockpit(TM).

Qtel made a thorough evaluation of the existing systems in the market and found Carrier Cockpit(TM) to provide the best support for its future growth; both within Qatar and through its international affiliates.

Important factors in Qtel's decision process was to identify a platform where all involved parts of the organisation are able to work together as a team in ONE system; from routing and trading functions to quality management and interconnect billing. In Carrier Cockpit; Qtel found a truly integrated platform that uses ONE data model and ONE data source for all users where the complete team will benefit from using the same terminology.

With Carrier Cockpit(TM), Qtel will further strengthen its end-to-end business process for wholesale and interconnect services and set the general operations team in a solid position to handle expected growth for years to come.

About Qtel

Qatar Telecom (Qtel) is the telecommunications service provider for both fixed and mobile telecommunications services in the state of Qatar. Moreover, Qtel have a presence in 16 countries and expanding both in the MENA region and South East Asia. In 2007 Qtel received the "Deal of the Year" award after acquiring 51% of the share capital of Kuwait based National Mobile Telecommunications Company KSC - (Wataniya) from Kuwait Projects Company for a total cash consideration of $3.8 billion. This deal is expected to increase Qtel's role in the MENA region.

About Ascade AB

Ascade is the global market-leader of Interconnect Solutions for Carriers and Mobile Operators. Our software, Carrier Cockpit(TM) Suite, enables customers worldwide to increase profitability and revenue growth. It optimizes and automates all aspects of the Interconnect Business including route quality testing and integrated interconnect billing, while providing management with real-time business planning and steering capabilities.

Carrier Cockpit(TM) Suite is the most advanced, mature and widely used Interconnect Solution for managing the wholesale business worldwide. Customers include Reach, Telenor Global Services, SingTel, Telekom Malaysia, Etisalat, Allstream, Elisa, Gateway, TEO, Rostelecom, PT Telekom, Korea Telecom, Hrvatski Telekom, Telekom Serbia, Lattelecom, Bell Canada, Sunrise, Telekom Austria, MobileOne, VSNL, TeliaSonera IC and more.

Ascade AB is a privately held company owned by founders and leading Nordic investment firms CapMan, listed on the Helsinki Stock Exchange, and SEB Venture Capital, the venture capital division of Nordic financial services group SEB, listed on the Stockholm Stock Exchange. Through its presence in Sweden, US, Dubai, and Singapore, Ascade provides support to its customers worldwide.

For more information please visit: http://www.ascade.com Contact: Patrik Ferlenius, Ascade AB Email: patrik.ferlenius@ascade.com Ascade AB Söder Mälarstrand 29 P.O. Box 38176 SE-100 64 Stockholm, Sweden Tel: +46-8-616-73-00 Fax: +46-8-545-90-427 http://www.ascade.com

Contact: Patrik Ferlenius, Ascade AB, Email: patrik.ferlenius@ascade.com, Ascade AB, Söder Mälarstrand 29, P.O. Box 38176, SE-100 64 Stockholm, Sweden, Tel: +46-8-616-73-00, Fax: +46-8-545-90-427