ECI Telecom to Supply National Telecommunications Backbone Network to Onse Telecom, Korea; Contract Value: US $ 3.5 million.TORONTO--(BUSINESS WIRE)--July 16, 1999-- 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 ) announced today an order to supply an SDH (Synchronous Digital Hierarchy) The European counterpart to SONET. See SONET. SDH - Synchronous Digital Hierarchy backbone network A backbone network provides a path for the exchange of information between different LANs or subnetworks.[1] A backbone can tie together diverse networks in the same building, in different buildings in a campus environment, or over wide areas. to ONSE Telecom Onse Telecom is a Korean telecom company, one of the largest providers of overseas telephone and internet access in South Korea. The company also is one of the largest telephone companies in South Korea, one of only two companies licensed to provide local telephone access. , one of Korea's fastest growing service providers. The contract, valued at $US 3.5 million, was signed during ECI ECI Employment Cost Index ECI Election Commission(er) of India ECI Enterprise Content Integration ECI Early Childhood Intervention ECI Environmental Change Institute Telecom's Annual Technical and Planning Symposium which is being held in Toronto, Canada. Commenting on the new agreement, Mr. Chung Huh, Executive Vice President of Engineering Group, ONSE Telecom, said: " We consider ECI Telecom to be a strategic partner in the development of our telecommunications infrastructure and services." Mr. Amos Talmor Hubschmann, ECI Telecom's Corporate Vice President and General Manager of the Asia Pacific Region, said: "This contract marks the first time that ECI Telecom is enhancing Korea's telecommunications on a national level. We view this contract as an important milestone in ECI Telecom's continued penetration of the rapidly expanding Korean market." ECI Telecom's SDH solutions will be deployed in a fully redundant multi-ring topology which covers the region between Seoul and Pusan. The new network will enable ONSE Telecom to deliver a broad range of quality services to its customers including voice, data, Internet and video. ECI Telecom's SDH solutions will additionally enable ONSE Telecom to expand its services and capacity for future needs. ECI Telecom's sophisticated eNM management solutions will centrally monitor and manage the entire backbone network. The awarding of the contract follows the successful implementation of ECI Telecom's SDH solutions for ONSE's international gateways. The new network is expected to be fully operational by the end of Q3 1999. 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 300 service networks in over 145 countries. This press release and additional information about the Company, is 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 See Internet address. to eci.enews@inc.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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