Leadcom Announces Win in Africa; Retains A3 rating by Midroog
March 11, 2008, Hod Hasharon, Israel - Leadcom Integrated Solutions Ltd. ('Leadcom' or 'the Company', AIM: LEAD), a leading international provider of innovative telecommunication solutions, announced today that it has won two considerable network expansion projects by an existing customer of the Company, a major global cellular operator.
The projects pertain to turn key construction of telecom sites and related equipment, in two countries in Africa, in which Leadcom has already rendered services to this customer.
The Company expects the value of these orders to exceed US$15 million, all to be recognized in 2008.
Rating retained
Leadcom also announced that in its yearly evaluation, Midroog, an affiliate of Moody's Investors Service in Israel, announced it retained the 'A3' rating of Leadcom's bonds, issued December 2006. Midroog lowered the rating outlook to 'negative'.
Enquiries:
Yael Margoninsky - Leadcom
Tel: +972 9 769 0011
Andrew Godber – Panmure Gordon
Direct: +44 (0) 20 7614 8385 |