Under the terms of the merger agreement, Ribbon will acquire all outstanding equity of ECI.
Ltd. Awing Reliable Tech Park, Airoli Thane Belapur Road … ECI stockholders are expected to own approximately 23 percent of the combined company on a fully diluted basis. Ribbon will issue 32.5 million shares of its common stock to … The Electronics Corporation of Israel became ECI Telecom in 1981, and had its first trading on NASDAQ in 1982. The Electronics Corporation of Israel (ECI) was founded in 1961. It specialized in telephone transmission products that manipulated the signals carried on telephone lines.
Ltd Unit 1, 2 & 4, Level 5, Innovator, International Tech Park Ltd, Whitefield Road, Bangalore India +91 80 4358 9100 Message us ECI Mumbai R&D ECI Telecom India Pvt. Since that time, ECI has undergone a number of mergers and acquisitions, most recently an acquisition in 2007 by the Swarth Group and the Ashmore Group, private equity firms, making ECI a private company once again. Ribbon Communications has announced that it has entered into an agreement to acquire, through a merger, ECI Telecom Group, a global provider of end-to-end packet-optical transport and SDN/NFV solutions for service providers, enterprises, and data center operators, for 32.5 million shares of Ribbon common stock and $324 million of cash. ECI Bangalore R&D ECI Telecom India Pvt.
– Ribbon Communications Inc. (Nasdaq: RBBN), a global software leader in secure and intelligent cloud communications, has completed its previously announced acquisition of ECI Telecom Group Ltd. ("ECI"), a global provider of end-to-end packet-optical transport and SDN/NFV solutions for service providers, enterprises, and data center operators. WESTFORD, Mass. ECI Telecom delivers innovative communications platforms to carriers and service providers worldwide. Ribbon will issue 32.5 million shares of its common stock to ECI stockholders and provide $324 million of net cash consideration. Under the terms of the merger agreement, Ribbon will acquire all outstanding equity of ECI.
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