ECI Buys Optical Biz in China

ECI Telecom acquires optical technology business in China

April 14, 2005

1 Min Read

PETAH TIKVA, Israel -- ECI Telecom (NASDAQ: ECIL - News) today announced that it has signed a definitive agreement to acquire the optical activities and technology of Eastern Communications Co. Inc., for an undisclosed amount. This acquisition broadens ECI's current Multi Service Provisioning Platform (MSPP) product line, by adding a compact, affordable product, which suits the needs of its customers worldwide. The operations of the acquired unit will be merged with ECI's existing joint venture Hangzhou ECI Telecommunications Co., Ltd (HETC).

"With this acquisition, ECI now adds a cost-effective R&D and manufacturing operation in China. This is part of ECI's strategy to expand and diversify its global development resources and augment its focused product line", said Doron Inbar, President and CEO of ECI Telecom. "The acquired operations combined with ECI's design and development expertise, will shorten our time to market and enable us to meet the needs of our worldwide customer base."

ECI Telecom Ltd.

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