TTI plans secondary Nasdaq issue

Following major $60 million contract with Hutchison Whampoa
Author:
Publish date:

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.