ECI Telecom's Subsidiary, InnoWave, Awarded US$ 37 Million Frame Contract to Supply New WaveGain Broadband Wireless Systems to Telefonica Argentina.Business and Technology Editors PETAH TIKVA, Israel--(BUSINESS WIRE)--April 6, 2000 Innowave ECI ECI Employment Cost Index ECI Election Commission(er) of India ECI Enterprise Content Integration ECI Early Childhood Intervention ECI Environmental Change Institute Wireless Systems Ltd. (InnoWave), a fully owned subsidiary of ECI Telecom ECI Telecom Ltd NASDAQ: ECIL, is a telecommunication equipment manufacturer based in Petah Tikva, Israel. Ltd. (NASDAQ/NM symbol: ECIL ECIL Electronics Corporation of India Limited ), has been chosen by Telefonica Argentina to supply new point to multi-point fixed wireless access WaveGain(tm) systems. Telefonica Argentina will deploy InnoWave's WaveGain systems to deliver broadband services to thousands of residential and business subscribers in North Argentina. Javier Dominguez, Telefonica of Argentina's Network Director said: "This new order marks an important milestone in the deployment and delivery of advanced wireless local loop solutions for broadband applications. Telefonica Argentina is receptive to the market's increasing demands for sophisticated service delivery, and through the choice of WaveGain we will be able to quickly and efficiently answer this demand." ECI Telecom was awarded the new US $37 million frame contract through its distributor in Argentina, PLANEX PLANEX Planning Exercise S.A., following a competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. process. The project will be implemented by Telefonica Argentina and with the full cooperation of InnoWave and PLANEX S.A. "We view this new implementation in Argentina as a continuous process of many years of successful partnership with Telefonica Argentina," said Shlomo Yariv, 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 InnoWave, ECI Telecom's subsidiary. "We are pleased to be part of this significant project that will deliver advanced telecommunications services to thousands of subscribers throughout Argentina", he continued. InnoWave's WaveGain Broadband solution supports a wide range of services, in the frequency band of 3.4 to 3.7 GHz. The Spread Spectrum Direct Sequence CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. technology used in the WaveGain system is designed to meet the specific requirements, such as high efficiency and high capacity of Broadband Radio in the Local Loop. WaveGain supports E1/FE1, high-speed voice band data, ISDN-BRI/PRI and packet switching A network technology that breaks up a message into small packets for transmission. Unlike circuit switching, which requires the establishment of a dedicated point-to-point connection, each packet in a packet-switched network contains a destination address. for fast Internet and Data services. WaveGain(tm) is InnoWave's next-generation broadband Fixed Wireless Local Loop solution. InnoWave's MultiGain(tm) Wireless solution, supporting a wide range of services in Narrowband applications, has been extensively deployed worldwide. About Telefonica Argentina: In almost ten years of operation, Telefonica, subsidiary of Telefonica S.A., invested at Argentina, up to 1999, approximately 8 billion dollars in the modernisation and expansion of the phone network in a territory comprised by 1.5 million square kilometres and a population of approximately 16.5 million inhabitants
The game is based loosely on the concepts from SameGame. , exceeding 23 operating lines per 100 inhabitants, thus turning Telefonica Argentina to the first telecommunications private operator in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . Telefonica Argentina (http://www.telefonica.com.ar) has foreseen to make investments for an approximate amount of 1.036 billion dollars during the year 2000. About Telefonica S.A.: Telefonica S.A. (http//www.telefonica.es) began its international expansion in 1989 and has since grown to become the largest supplier of telecommunications services in the Spanish and Portuguese-speaking world, with operations and investments in 17 countries and more than 62 million customers in Europe, Latin America and Africa. About InnoWave: InnoWave ECI Wireless Systems Ltd. (InnoWave), a fully owned subsidiary of ECI Telecom Ltd., is a global leader in Fixed Wireless Access Systems and Wireless Local Loop (WLL See wireless local loop and PHS-WLL. ) products and solutions. About ECI Telecom: ECI Telecom Ltd. is a provider of integrated network A network that supports both data and voice and/or different networking protocols. See converged network and new public network. solutions for digital communications Transmitting text, voice and video in binary form. See communications. and data transmission systems. The Company designs, develops, manufactures, markets and supports end-to-end digital telecommunications solutions for today's new services and converging networks. The Company's products create bandwidth, maximize revenues for network operators, expand capacity, improve performance and enable new revenue-producing services. In doing so, they enhance the capabilities of existing networks to support voice, data, video and multimedia services. ECI Telecom's equipment supports traffic in more than 500 service networks in over 145 countries. This press release and additional information about the Company, are now available on ECI TELECOM's site on the World Wide Web: http://www.ecitele.com. If you would like to receive future news releases electronically, please forward your email address to Corporate.marketing@ecitele.com. 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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