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TTI plans secondary Nasdaq issue

Following major $60 million contract with Hutchison Whampoa

TTI Telecom International (Nasdaq:TTIL) is taking advantage of the momentum and is preparing for a new Nasdaq issue shortly after signing a significant contract with Korean communications giant Hutchison-Whampoa, Yedioth Ahronoth reports.

The $60 million contract led the company to decide on a second issue. Underwriters will be CIBC Oppenheimer, HSBC (NYSE:HBC) and Salomon Smith Barney.

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