18th October 2007 : Leadcom voted "AIM International Company of the Year for 2007"




Main Web Site : http://www.leadcom-is.com/

Investor Relations Email : investorsinfo@leadcom-is.com

And they pay a divi, although you have 15% Israeli Tax deducted.

Some sector news :

http://www.i4u.com/article9422.html


Indian Mobile Firms add 5.04 mln GSM users in May

Posted on Fri, 8 Jun 2007 08:10:00 CDT | by Luigi Lugmayr

MUMBAI (Reuters) - Indian mobile phone service providers added more than 5 million GSM customers in May, taking the user base to 130.6 million in the world's fastest-growing cellular market, an industry body said on Friday.

The Cellular Operators' Association of India, which represents nine carriers offering wireless services based on the widely prevalent GSM platform, said 5.04 million users signed up in May, compared with 4.13 million in April.

Including the operators that run on the rival CDMA platform, India has been adding more than six million new users every month lured by call rates as low as one U.S. cent a minute.

Bharti Airtel Ltd. , India's top mobile service provider, gained 1.85 million customers in May taking its user base to 40.7 million.

Hutchison Essar Ltd., in which British phone firm Vodafone Plc bought a controlling stake this year, added 1.51 million users in May and boosted its total subscribers to 29.2 million.
The company climbed to the third position, dethroning state-owned Bharat Sanchar Nigam Ltd. which got just 238,553 users in May, taking its user base to 27.99 million.

Reliance Communications , with 30.5 million subscribers, is India's second largest mobile services provider, but a majority of its subscribers are on the CDMA platform.

The company had said on Thursday it added 1.4 million subscribers in May.

Fifth-ranked Idea Cellular gained 703,412 subscribers in May, lifting its total users to 15.3 million

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http://news.monstersandcritics.com/business/news/article_1315453.php/New_Zealand_Telco_to_build_new_mobile_network

New Zealand Telco to build new mobile network

Jun 9, 2007, 8:23 GMT

Wellington - New Zealand's dominant telecommunications company Telecom is to build a new NZ$300 million (US$226 million) high-speed mobile network to improve customer connections with the rest of the world and hold onto corporate customers, according to reports Saturday.

The new 3G network, which should go live by late 2008, would improve broadband speeds, increase customers' capacity to 'roam' or use cellphones around the world, and give customers a greater choice of mobile handsets, Telecom said in a statement.

The New Zealand Herald newspaper noted that fewer than 20 per cent of mobile networks around the world use Telecom's current technology, which reduced customers' roaming options.

Telecommunications analyst Greg Main told the newspaper that Telecom estimated was missing out on revenue from 'roaming' customers that used the rival Vodafone worldwide network. The analyst estimated this foregone revenue at NZ$100 million (US$75 million) a year.

Whilst it means nothing to Leadcom directly, as they have not as yet got involved in the China market, it is good to see Ericsson win further large orders, as this surely ties up the Tech Service side of Ericsson, and ensures imv that in other area's where the work can be subcontracted, that it is subcontracted more and more.



http://www.bruneitimes.com.bn/details.php?shape_ID=32922

Ericsson, China Mobile in US$1b deal 11-Jun-07

SWEDISH telecoms group Ericsson yesterday signed a US$1 billion ($1.54 billion) deal with China Mobile to supply equipment to expand the Asian company's GSM coverage in 19 regions of China, Ericsson said.

The agreement was signed at a ceremony in Stockholm attended by Chinese President Hu Jintao, who was on a three-day state visit to the Scandinavian country, and Swedish Prime Minister Fredrik Reinfeldt.

Ericsson will supply core and radio network equipment, along with related technical support and services, to expand China Mobile's GSM coverage, the Swedish firm said in a statement.

The expansion will allow China Mobile to boost network capacity and performance for hundreds of millions of subscribers. Deliveries have already started, Ericsson said.

A second agreement was also signed yesterday between mobile phone maker Sony Ericsson and China Postel Mobile Communications Equipment.

The US$600 million deal concerned mobile phone purchasing, Ericsson said.

Sony Ericsson announced a memorandum of understanding with the Shenzhen Telling Communications Corp for mobile phone purchasing valued at more than US$500 million.AFP

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http://www.eetimes.com/news/latest/showArticle.jhtml?articleID=199902911

Ericsson signs $1 billion GSM deal with China

Mike Clendenin EE Times (06/10/2007 10:13 PM EDT)

TAIPEI Even though interest in 3G is intensifying, China Mobile highlighted the continuing importance of 2G services in the country by signing a $1 billion deal on Sunday with Ericsson AB.
The announcement of the deal in Sweden coincided with a state visit by Chinese President Hu Jintao, and Ericsson noted that deliveries of core and radio network equipment had already begun.

China Mobile, the country's largest telco, is expected to launch 3G services in late 2007 or early 2008, using a Chinese technology known as TD-SCDMA. Once this new 3G technology gets a foothold, other Chinese operators will launch rival services based on CDMA2000 EV-DO and WCDMA.

The progress of 3G is being keenly watched in China, if only because it is the world's largest wireless telecom market. But because recent growth in China is being driven by less wealthy second- and third-tier cities, there is still a need to improve and expand 2G services coverage. Ericsson said its equipment will be used to boost China Mobile's GSM coverage in 19 regions of China.

Companies like Ericsson and Nokia-Siemens dominate the legacy networks in China, while local firms like Huawei Technologies and ZTE Corp. are expected to get a larger share of contracts for 3G infrastructure.

For those interested there is a new (21st June 07) Company Presentation on the website, done in Flash.


http://www.leadcom-is.com/siteImages/leadcom21_6_07.swf

Very active in the last 5 minutes.
2517

An acquisition, a reported 36% increase in sales in 6 months to 30th June, an increase in full year sales target to 225m from 180m usd due in part to the acquisition, and also momentum in other markets. Seems that the 180m target would have been exceeded without the acquisition. Looking good.
2517

Indeed looking very good, price target should now be increased to make it even more attractive, still a buy. Am holding on for 90p plus

Panmure Gordon has raised target price from 89p to 110p

Excellent news, good finish to the day held on to 4.5p rise, the sooner we pass Panmure's initial target the better, their 110p compares to Altrium's 105p some time ago, although Altrium did come down from that figure. I must say I am puzzled at target prices, today a broker issued a 'buy' on a company(name escapes me) with a target price just below the current price, so how come it's a buy?
2517

Nice news today on the acquisition and also a very positive trading update.

You can listen to a repeat of todays webcast at the link below (free to register to listen) :


http://viavid.net/dce.aspx?sid=00004140



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Leadcom Integrated Solutions Ltd


Holding in Company

June 28, 2007, Hod Hasharon, Israel - Leadcom Integrated Solutions Ltd.
('Leadcom' or 'the Company'), (AIM: LEAD), was notified on 28 June 2007 that
FIMI Opportunity Fund II LP holds 3,781,249 of Leadcom ordinary shares,
representing approximately 3.15 per cent of the Company's issued ordinary share
capital.

Enquiries:

Yael Margoninsky - Leadcom

Tel: +972 9 769 0011

Couple of news articles :



http://www.newratings.com/analyst_news/article_1560702.html


Leadcom Integrated Solutions "buy," target price raised

Thursday, June 28, 2007 4:42:52 AM ET
Panmure Gordon & Co

LONDON, June 28 (newratings.com) - Analysts at Panmure Gordon maintain their "buy" rating on Leadcom Integrated Solutions (ticker: LEAD), while raising their estimates for the company. The target price has been raised from 89p to 110p.

In a research note published this morning, the analysts mention that the acquisition of Ytelcom is likely to be a good strategic fit for the companys existing African operations. Leadcom Integrated Solutions is likely to generate net cash of approximately $16 million by yearend FY07, once the full payment for the acquisition is made, the analysts say. The acquisition is expected to be EPS accretive by 26% in FY08, Panmure Gordon adds. The EPS estimate for FY08 has been raised from 15.1 to 19.1.

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http://www.lightreading.com/document.asp?doc_id=127916

Leadcom Acquires Ytelcom JUNE 28, 2007

HOD HASHARON, Israel -- Leadcom Integrated Solutions Ltd. ('Leadcom' or 'the Company'), (AIM: LEAD - message board), a leading international provider of innovative telecommunication solutions, is pleased to announce it has entered into a definitive agreement for the acquisition of the entire share capital of Ytelcom SAS ('Ytelcom'). The consideration for the acquisition is expected to be US$17-18 million, of which nearly US$15 million will be paid at closing with a further US$2-3 million to be paid in March 2008, subject to Ytelcom's performance in 2007. The closing of the acquisition is also subject to regulatory approval in France.

Summary of Key Points:

Acquisition

Total expected consideration of between US$17-18 million, payable in cash
Ytelcom's revenues in the year to 31 December 2006 were EUR 44.2 million (US$55.5 million) Ytelcom provides strong strategic fit with Leadcom's existing international business
Acquisition provides wider geographical reach in Africa

Trading Update

Leadcom revenues up 36% to approximately US$83 million in the 6 months to 30 June 2007 Leadcom cash flow from operations improved and will exceed US$3 million in the 6 months to 30 June 2007
Leadcom raises 2007 revenue targets to exceed US$225 million, from the current US$180 million, as a result of the acquisition and momentum in other markets

Arik Alcalay, Leadcom's CEO, commented: "We are very excited with this acquisition and we are eager to initiate the integration process. Having known Ytelcom for nearly a year, we remain impressed with the group's performance, long-standing reputation and we highly appreciate its professional management and experienced workforce. Leadcom is constantly looking for the optimal use of its funds at hand, focusing on our shareholders' return on investment and the healthy growth of the Company. Ytelcom operates in markets that are complementary to Leadcom, and by this acquisition, we will achieve a significantly wider geographical spread on the African continent. This transaction fits into the strategic blended growth model we announced earlier this year."


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Now, if as expected, the pound weakens and we return to say 1.7 levels by early 08, that means 19.1 cents, divided by 1.7 = 11.2p.......times that by 13 and you get 146p.

Given the status and potential, putting LEAD on a 13 times 2008 forecast....is that too much to ask ?

If we can enter into the BSNL and Reliance contracts by Spring 2008, and given further upgraded with that news, as well as becoming viable to ISA's by dual listing........a 150p target price is not only going to be too far away, but also very viable for 2008 Q1/2

For that its worth, as we know mac has moved on, I am not selling any Leadcom, and will continue to hold and review come results for the full year of 07, when they are released in Spring 2008.

PP ..... forget $ to strengthen .... medium term $ looking at 2.07 before strengthening ....... more likely to increase interest rates than $

Blue Oar updated forecasts :

2007 EPS of 5.9p

2008 EPS of 9.4p


IMO, these again can be upgraded once the full details of the BSNL order is released, and we get later the Reliance tender issued and awarded.

Both (Panmure and Blue Oar) latest updated broker notes are now available to view in the Leadcom archive web folder, the link is below :

http://www.esnips.com/web/LeadcomInfo/


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PapalPower, thanks for the continued info.
Totally random question but are you familiar with 'Playtech' (ptec)?
has some of Leadcom's 'not fully noticed by the masses' potential.

ben, no, but I'll have a look.


http://www.hindu.com:80/thehindu/holnus/006200707032030.htm

Nokia Siemens wins $900 mn deal from Bharti

New Delhi, July 3 2007

Bharti Airtel, the largest GSM-based cellular player, today extended its partnership with Nokia Siemens Networks by awarding a US$ 900 mn contract for expansion of its mobile, fixed lines and next generation network.

There were also indications from the company that it may place a similar sized contract with Swedish telecom vendor Ericsson for mobile expansion, discussions for which are currently going on. This will be among the largest GSM expansion deals in India with the installation of an estimated 22,000 base station sites.

"Discussions with Ericsson are going on," Bharti Airtel president and CEO, Manoj Kohli, said here without divulging financial details.

Bharti has already announced a capex of $ 3.5 billion for this fiscal to penetrate into the country.

Under the contract, Nokia Siemens Networks will expand Airtel's GSM network in eight existing circles, long distance and international long distance network with 1.8 million Next Generation Network (NGN) ports and its international calling card prepaid service capacity by 4.5 million new users.

The MoU on the contract was signed between Manoj Kohli, and Simon Beresford Wylie, CEO of Nokia Siemens Networks.

Two years ago BSNL floated the world's largest mobile tender of 60 million lines valued at $ 4.5 billion which is still stuck in delays. Ericsson was the lowest bidder followed by Nokia. BSNL has already lost its subscribers and market share due to the non-procurement of the equipment.

Leadcom appear to be doing some promotion in the US early this month. That would appear well timed, as we go into interims in August, and also now we should be going to quarterly results.


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We have them doing an Leadcom Investor relations presentation on the 10th July, 3:30pm (GMT)

http://www.investorcalendar.com/IIF/IIF_Forum.asp?ForumID=111832



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And also via a CE Unterburg event from the 10th to the 12th July (so the above appears to be part of this)

Unterberg are hosting an Emerging Growth Opportunities Conference in New York from July 10th-12, and Leadcom are presenting:

http://incentive.twstevent.com/sched/ceut0707/company_login.html?event_id=2151 (You'll find Leadcom in the list of companies)

More on the conference here:

http://www.unterberg.com/newsperspec/register/EGO%20JUL%202007%20info.asp