August 14, 2007, Hod Hasharon, Israel - Leadcom Integrated Solutions Ltd. ('Leadcom' or 'the Company', AIM: LEAD), a leading international provider of innovative telecommunication solutions, is pleased to announce it has concluded a five-year frame agreement with a new customer of the Company, a major cellular operator in India.
This new contract encompasses the delivery of works in a Full Turnkey model, providing both products and services pertaining to construction of telecom sites in various areas of India.
The value of the order, received by the Company for the first lot of sites under the Agreement, is approximately US$9 million, and is to be recognized in 2007. Under the agreement, yet to be finalized, Leadcom will also provide long-term operation and maintenance services under an Annual Maintenance Contract.
Management believes this agreement to be of great potential and to serve as one of the building blocks of its future performance in India. Management expects to announce further purchase orders relating to this frame agreement in due course.
Enquiries:
Yael Margoninsky - Leadcom
Tel: +972 9 769 0011
Andrew Godber – Panmure Gordon
Direct: +44 (0) 20 7614 8385
Luke Ahern – Blue Oar Securities
Tel: +44 (0) 20 7448 4430 |