Streaming video solutions company Optibase Ltd. (Nasdaq: OBAS: TASE:OBAS), and turnkey telecommunications solutions provider Leadcom Integrated Solutions Ltd. (AIM: LEAD) are to collaborate in the roll-out of an end-to-end IPTV solution in Kazakhstan. Optibase said that Leadcom had chosen its platform in order to enhance its offering by adding high quality, broadcast TV and interactive IPTV services.
Optibase VP sales Udi Shani said, "Our partnership with Leadcom and the installation in Kazakhstan continue the Optibase momentum in the emerging Asian market. This is based on the combination of Optibase's integration, development, and implementation services and Leadcom's experience in telecommunications networks."
Leadcom CTO Yoel Bar-Gil added, "In this project, Leadcom is delivering a Triple-Play solution (IPTV, IP-phone & broad-band Internet access) to selected subscribers. The Optibase solution provides Leadcom with an extensive offering of interactive and personalized features coupled with top video quality and low bit-rates.”
Optibase unveiled its results for the third quarter last week, posting $5.2 million revenue for the quarter, higher than in the corresponding quarter in 2006 but down on the preceding quarter. The company's loss widened to $1.6 million ($0.12) for the quarter.
Last August, Leadcom CEO Arik Alcalay said the company intended to dual list on the Tel Aviv Stock Exchange (TASE).
Optibase's share closed unchanged at $3.25 on Nasdaq yesterday, giving the company a market cap of $43.96 million. Leadcom, which is headquartered in Hod Hasharon, closed at ₤0.44 ($0.92) on London’s Alternative Investment Market (AIM) on Monday, reflecting a market cap of around $109.3 million.
Published by Globes [online], Israel business news - www.globes.co.il - on November 13, 2007
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