ECI Buys Back Debt

ECI Telecom and shareholders acquire all remaining acquisition-related debt, significantly improving the company's capital structure

December 6, 2010

1 Min Read

PETACH TIKVA, Israel -- ECI Telecom, a global provider of next-generation network solutions, announced today that, together with its shareholders - the Swarth Group and Ashmore Investment Management Ltd. -- it has acquired all the remaining debt extended to the company upon its acquisition in September 2007. By doing so, ECI is significantly improving its capital structure.

Rafi Maor, President and CEO of ECI, commented: "This transaction reflects the confidence our shareholders have in ECI and our ability to continue to compete successfully in the dynamic telecom market. It will allow us to invest additional resources in developing ECI's business and accelerate the company's growth."

ECI Telecom Ltd.

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