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Leadcom Announces New Win in India
Leadcom Awarded 'A3' Rating by Midroog, Moody's Affiliate
Leadcom Integrated Solutions Ltd. ('Leadcom' or 'the Company'), (AIM: LEAD), a
leading international provider of innovative telecommunication solutions, is
pleased to announce that it has been awarded a new project with one of its
global strategic vendor partners.
The project, in TSP (Total Service Provider) model, will include Civil,
Electrical, Telecom Implementation and Project Management services in one of the major Circles of India. The value of the first phase of the project is approx US$10 million, which will be recognized in 2007. Ilan Menachem, General Manager of the Indian region anticipates that this project may grow significantly in both scope and volume.
Leadcom also announces that it had been awarded an 'A3' rating by Midroog, an
affiliate of Moody's Investor Service. This rating will facilitate Leadcom
raising unsecured funds from the bond market alongside its existing sources of
bank finance. Eytan Mucznik, Leadcom's CFO, said that the rating awarded to the Company by Midroog is further evidence of the confidence of the financial community in the Company's financial strength, the continuation of its strong performance and its ability to finance its anticipated growth from its existing balance sheet.
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