ECI Telecom will acquire the optical activities and technology of Eastern Communications Co. Inc., for an undisclosed amount. The operations of the acquired unit will be merged with ECI's existing joint venture Hangzhou ECI Telecommunications Co., Ltd (HETC).
ECI said the acquisition broadens its current Multi Service Provisioning Platform (MSPP) product line, by adding a compact, affordable product. The acquisition also adds a cost-effective R&D and manufacturing operation in China.
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Wednesday, April 13, 2005
ECI Telecom Acquires Optical Technology Business in China
Wednesday, April 13, 2005
Financial