ECI Telecom forms strategic relationship with Nortel to serve broadband market

11 December 2003 Petah Tikva, Israel Lightwave--ECI Telecom today announced that it has entered into a strategic relationship with Nortel Networks to deliver broadband access networking solutions that will address the increasing global demand for multimedia and triple play services (voice, video and data).

Dec 11th, 2003

11 December 2003 Petah Tikva, Israel Lightwave--ECI Telecom today announced that it has entered into a strategic relationship with Nortel Networks to deliver broadband access networking solutions that will address the increasing global demand for multimedia and triple play services (voice, video and data).

Nortel Networks and ECI Telecom share a common objective for the development of broadband networking solutions that will enable new revenue-generating service bundles. This agreement provides a framework for the two companies to cooperatively engage in sales and marketing activities that will leverage Nortel Networks global telecommunications experience with ECI's broadband access products and market presence.

Doron Inbar, president and chief executive officer of ECI Telecom, said, "We are delighted to work closely with an industry leader such as Nortel Networks in order to address the rapidly growing market for broadband networks. We believe that Nortel Networks comprehensive portfolio of innovative products, together with our broadband access solutions, represents one of the most comprehensive next-generation solutions for broadband networks."

"This agreement essentially formalizes what is already a close and constructive working relationship," said Brian McFadden, president, Optical Networks, Nortel Networks. "We are confident that this relationship will be mutually beneficial and will leverage our respective strengths."

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