1 June 2005
+++ INTRACOM expands its activities in Libya
New Libya Branch inaugurated
Yesterday, INTRACOM inaugurated its new branch in Libya.
This strategic decision reflects the company's vision to participate as
a key international player in the modernization process of South-Eastern
Europe and Middle East economies. INTRACOM Group's products and services
reach 60 countries all over the world. The company has subsidiaries in
16 countries and employs 1,800 professionals outside Greece.
More than seventy attendees participated in the inaugural
ceremony, including the Libyan Undersecretary of People's Committee for
Economy, other high-level government officials, executives from the private
sector, Mobile Operators, aviation companies, banks, the General Post
& Telecommunication Company (GPTC), the National Oil Company, the
National Electricity Company, as well as Academics from the University
of Tripoli and officials from the Greek Embassy.
Alexandros Manos, INTRACOM
Executive Director, declared: "The Middle East & North Africa
region is increasingly becoming a significant market for investments.
Within this framework, Libya became a strategic choice for INTRACOM. Following
its successful presence in Jordan and Dubai, INTRACOM, with its broad
experience in the ICT sector, addresses Libya as a high priority strategic
market. We are here to work hard with you."
Dimitris Kynigopoulos, General
Manager INTRACOM Libya Branch, underlined: "INTRACOM is one of the
first Greek companies to invest in Libya. As one of the leading multinational
ICT providers in South-Eastern Europe, we have both the experience and
technological know-how to support your development plans. Our promise
is to participate in Libya's vision."
In the context of its presence in Libya, INTRACOM participated
in Taqnya Expo 2005, an exhibition regarding
telecommunications solutions and high technology products providers. It
is worth mentioning that the exhibition addressed exclusively GPTC's current
or potential suppliers. INTRACOM was the only Greek participation.
Founded in 1977, listed on the Athens Stock Exchange since 1990 and included
in the FTSE/ASE-20 LargeCap index, INTRACOM is the largest multinational
Information & Communications Technology (ICT) solutions provider in
Greece. The company serves primarily the telecommunications, government,
defense, and banking & enterprise business fields. INTRACOM Group's
international activities, products and services reach the markets of 60
countries all over the world, focusing mainly on South-East Europe, while
present in the EU, the Middle East, North Africa and the USA. INTRACOM
has subsidiaries in 16 countries around the world. In 2004 the company
invested 7-5% of its revenues in R&D activities, while operating state-of-the-art
R & D labs allowing rapid prototype development and validation. 5,450-strong
INTRACOM Group reached €620.4 mil. in sales and €43.1 mil.
in profits before tax in 2004. International activities account for over
45% of the Group's annual turnover. In 2002, INTRACOM founded the Athens
Information Technology (AIT), a non-profit educational and research center
which cooperates with the internationally acclaimed Carnegie Mellon University
of USA. INTRACOM's vision is to participate as a key international player
in the modernization process of regional economies.