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Leadcom Group Finalizes Sale of Leadcom Israel
TEL AVIV, Israel, November 7, 2011/PRNewswire/ --
Leadcom Group has successfully finalized the sale of Leadcom Israel to
one of Israel's largest holdings groups. Leadcom Israel, the Israeli
subsidiary of Leadcom Integrated Solutions has been active for the past 30
years in the advanced and competitive Israeli telecom market.
The Leadcom Israel sale will allow Leadcom Integrated Solutions to focus
on its growing business in Africa and Latin America, and to leverage
Leadcom's strengths as a leading system integrator and service provider in
the telecommunications infrastructure market.
The accelerated track to recovery
Over the past two years, the management of Leadcom's holding company has
implemented a turnaround plan. In the first three quarters of 2011, and
following the plan, Leadcom has achieved turnover of over $72 million, with
unprecedented profit of over $11.4 million.
Ofer Ahiraz, CEO of Leadcom Group,said today that "the deal reflects the
high potential of Leadcom's assets. The company has demonstrated a truly
accelerated recovery and by yearend will show unprecedented profit."
Background
Leadcom is one of the world's largest telecommunications groups. The
group operates dozens of subsidiaries in 28 countries worldwide, primarily
in Africa, Central and South America. It currently employs more than 600
employees around the world and is a supplier of services in the fields of
deployment of telecommunication infrastructures.
Contact:
Yulia Binyamin// Hedan Orenstein
+972-3-6081525
yulia@rcspr.co.il
http://www.rcspr.co.il
Source: Leadcom
.
Leadcom Group Finalizes Sale of Leadcom Israel
TEL AVIV, Israel, November 7, 2011/PRNewswire/ --
Leadcom Group has successfully finalized the sale of Leadcom Israel to
one of Israel's largest holdings groups. Leadcom Israel, the Israeli
subsidiary of Leadcom Integrated Solutions has been active for the past 30
years in the advanced and competitive Israeli telecom market.
The Leadcom Israel sale will allow Leadcom Integrated Solutions to focus
on its growing business in Africa and Latin America, and to leverage
Leadcom's strengths as a leading system integrator and service provider in
the telecommunications infrastructure market.
The accelerated track to recovery
Over the past two years, the management of Leadcom's holding company has
implemented a turnaround plan. In the first three quarters of 2011, and
following the plan, Leadcom has achieved turnover of over $72 million, with
unprecedented profit of over $11.4 million.
Ofer Ahiraz, CEO of Leadcom Group,said today that "the deal reflects the
high potential of Leadcom's assets. The company has demonstrated a truly
accelerated recovery and by yearend will show unprecedented profit."
Background
Leadcom is one of the world's largest telecommunications groups. The
group operates dozens of subsidiaries in 28 countries worldwide, primarily
in Africa, Central and South America. It currently employs more than 600
employees around the world and is a supplier of services in the fields of
deployment of telecommunication infrastructures.
Contact:
Yulia Binyamin// Hedan Orenstein
+972-3-6081525
yulia@rcspr.co.il
http://www.rcspr.co.il
Source: Leadcom
.