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The receiver of Leadcom Integrated Solutions Ltd.(under Receivership and Liquidation), has closed the sale of assets of Leadcom Italy Srl.

Adv. Ofer Shapira, the receiver of Leadcom Integrated Solutions Ltd.(under Receivership and Liquidation), has closed the sale of assets of Leadcom Italy Srl, the Italian subsidiary of Leadcom, to a group of investors from Italy, led by Roberto Licata and Vincenzo Russo, the transaction value for the company under receivership is estimated at €2.3M.

Leadcom Italy is the first subsidiary of Leadcom group sold under receivership proceedings. Leadcom group has 40 subsidiaries, of which 25 are active companies around the globe, mainly in Africa and Latin America. Leadcom Group's turnover in 2010 is expected to be approximately 55 million dollars (not including Leadcom Italy).

Leadcom Italy employs about 70 employees. Its turnover for 2009 was $ 7.8 million dollar. In recent years, Leadcom Italy concentrated mainly in network planning for Nokia-Siemens (NSN) and distribution and marketing of Samsung communication boxes (Ubigate) for customers of Telecom Italia.