TELEDATA NETWORKS AND ITALTEL SIGN OEM AGREEMENT TO DEVELOP NEXT GENERATION NETWORKS

Amsterdam, Netherlands, November 22, 2004 - Teledata Networks, a leading provider of wireline access products and network solutions for telecom operators and service providers worldwide, and Italtel, one of the world's leaders in integrated voice, data and video telecommunications networks, have signed an OEM worldwide agreement for strategic cooperation. The agreement covers the sales of a joint solution composed of Italtel’s iMSS (Italtel Multi Service Solution) product line for Next Generation converged Networks and Teledata Networks’ last mile access systems for current and new networks. The combination of the two systems creates a complete end-to-end solution for the provisioning of broadband and narrowband services from the Central Office to the subscriber’s premises and smooth transition from legacy networks to innovative ones. “Our leadership in the softswitch segment and Teledata Networks’ access know-how create a winning combination. - said Riccardo Caldarella, Executive Vice President, Information Networks, Italtel - BroadAccess and HighPGate are high-quality, cost-effective products, and perfectly complement our Italtel Softswitch (i-SSW) as a fundamental component of iMSS. Together, our systems form an attractive end-to-end solution which will leverage our competitive edge in the Next Generation Networks market.” “The benefits of this agreement are not only technological, but strategic as well. - said Amnon Unger, CEO, Teledata Networks - Fortified with Italtel’s staunch reputation as a key player in the market, we expect to access new, unexplored markets, and we intend to use our wide experience to do the same for Italtel.” About Italtel Softswitch Italtel Softswitch, i-SSW, is a Next Generation multi-service system based on an open architecture that enables Telecommunication Operators and Service Providers to offer a wide range of voice and multimedia services, converging all traffic over an IP (Internet Protocol) network. At the same time i-SSW is able to offer a complete set of traditional telephony services on IP networks, providing the same quality of service of current networks. Due to Italtel ’s strong focus on innovation, i-SSW is future-proof oriented and complies with the most relevant Softswitch market requirements.

About Teledata BroadAccess Teledata Networks’ BroadAccess Integrated Multiservice Access Platform (IMAP) delivers any mix of narrowband and broadband services, from POTS to various flavors of xDSL and IP. The system features a unique Dual ATM/IP Architecture™ that enables it to simultaneously transfer ATM and IP traffic in order to adapt to different customers’ requirements. BroadAccess provides a cost-effective solution for residential, small office/home office and business applications and enables a smooth migration to Next Generation Networks. The systems are protected within environmentally hardened housing solutions featuring various sizes and deployment possibilities. About Teledata HighPGate HighPGate™ is a premier Line Access Gateway which performs convergence of voice and data over Next Generation Networks. The system is optimized for serving small to medium clusters of subscribers, and supplies an optimal solution for remote locations. The system offers operators a cost-effective, smooth migration path from today’s circuit switched network to an IP NGN. It provides diverse solutions for evolution towards packet networks, including VoIP Media Gateway functionality.

*** Italtel Italtel designs, develops and installs new-generation integrated multi-service networks (voice/data/video) ensuring fixed and mobile operators and ISPs reliable and open to networking and technological developments infrastructures, thanks to its systems integration capability. In the last ten years Italtel has invested a significant part of its revenues in innovation. Revenues for 2003 totaled 591.8 million euro. Since 2000, Italtel main shareholders are Clayton, Dubilier & Rice, Telecom Italia and Cisco Systems. Website: www.italtel.com Teledata Networks Teledata Networks provides innovative wireline access products and network solutions for telecom operators and service providers worldwide. The company integrates a variety of technologies into single multiservice platforms. Teledata Networks’ innovative vision is enriched by 20 years of experience with field-proven access solutions and an installed base in over 50 countries worldwide. Teledata Networks’ unique approach creates solutions that respond to the customers’ immediate needs, while leading them smoothly towards Next Generation Networks. Teledata Networks is part of the Kardan group, traded on the Pan-European Exchange (Euronext) in Amsterdam. Learn more about Teledata Networks at www.teledata-networks.com

For further information: Teledata Networks Tally Elhyani – Public Relations Tel: +31 20 664 8884 (Extension 6) E mail: press@teledata-networks.com Italtel Communication Department Marialuisa Cordone – Product Media Relations Tel:. +39 02 4388 3771 – Mobile: +39 335 122 3740 E mail: marialuisa.cordone@italtel.it

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