BT Grants ECI Telecom a 5-year Frame Agreement Estimated at Over $75 Million.PETAH TIKVA, Israel -- ECI Telecom ECI Telecom Ltd NASDAQ: ECIL, is a telecommunication equipment manufacturer based in Petah Tikva, Israel. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ECIL ECIL Electronics Corporation of India Limited ) today announced that it has been awarded a five-year frame agreement with an estimated value of over $75 million by BT for its broadband solutions. This contract marks a significant milestone in the long-term relationship of the two companies. ECI's solution enables BT to provide over 150,000 prestigious business customers with dedicated, high capacity Digital Private Circuits. BT's service programs, known as "Customer Wideband Serving Section", include high performance voice and data communications services such as MegaStream and ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. 30. "ECI ECI Employment Cost Index ECI Election Commission(er) of India ECI Enterprise Content Integration ECI Early Childhood Intervention ECI Environmental Change Institute has been a very good supplier to us for many years now," said Bob Watson, Access Electronics Programme / Plant Manager, BT Wholesale. "They have proven to be a first rate relationship supplier and we are confident that our high-end customers will be pleased with the services that we will be providing with their help." "ECI is proud to be a key supplier to this top-tier European carrier," said Rafi Maor, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ECI Telecom. "This contract was awarded in a highly competitive telecommunications market, underscoring ECI's edge in providing reliable solutions at an extremely competitive price." ECI will be supplying its Exline 2 systems that transport 2Mbps links symmetrically over copper, offering enhanced capabilities and smooth integration within existing networks. It supports advanced class features such as caller ID, call waiting, and distinctive rings. About BT BT is one of the world's leading providers of communications solutions and services operating in more than 160 Countries. Its principal activities include networked IT services, local, national and international telecommunications services, and higher-value broadband and internet products and services. BT consists principally of four lines of business: BT Global Services, Openreach, BT Retail and BT Wholesale. In the year ended 31 March 2005, BT Group's revenue was GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 18.6 billion with pretax profit of GBP 2.4 billion. British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . For more information, visit www.bt.com/aboutbt About ECI Telecom ECI provides advanced telecommunications solutions to leading carriers and service providers worldwide. By translating a deep understanding of their needs into innovative, technologically advanced solutions, ECI enables its customers to increase the value of the infrastructure of their networks and reduce operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. . ECI's platforms provide carriers and service providers with carrier-grade solutions for easily introducing new revenue-generating services. ECI provides innovative IP service delivery solutions to the converged telecom networks encompassing broadband access gateways, service edge routers, optical transport, NGN (Next Generation Networks) An umbrella term for mixed voice and data networks running over the IP protocol. See IP Multimedia Subsystem. VoIP and multimedia applications and services. ECI maintains a global sales, marketing and customer support network, as well as a host of strategic channel relationships worldwide. Certain statements contained in this release may contain forward-looking information with respect to plans, projections or future performance of the Company. By their nature, forward-looking statements involve certain risks and uncertainties including, but not limited to, product and market acceptance risks, the impact of competitive pricing, product development, commercialization and technological difficulties and other risks detailed in the Company's filings with the Securities and Exchange Commission. |
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