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Ribbon to acquire ECI Telecom for expansion in optical, data markets

2019-11-14 16:28:00| Telecompaper Headlines

(Telecompaper) Ribbon Communications announced an agreement to acquire ECI Telecom, expanding its portfolio with packet-optical transport and SDN/NFV equipment. The company will pay 32.5 million shares of Ribbon common stock and USD 324 million of cash, and ECI stockholders will also receive USD 31 million from ECI's property sale.

Tags: data markets expansion optical

Category:Telecommunications

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