Business Services Industry
NTL and ECI Telecom Broaden Relationship with Three-year $5.5 Million Support Services Contract
Business Wire, Nov 21, 2006
Previous Contracts for ECI's Optical and Data Networking Solutions Now Expanded to Include Support Services
PETAH TIKVA, Israel -- ECI Telecom (NASDAQ: ECIL) announced that it has signed a three-year $5.5 million contract with NTL Incorporated (NASDAQ NTLI), the UK's largest Cable Operator, for ongoing support services.
As part of the new agreement with NTL, ECI will provide maintenance and support services for its national network, thus enabling NTL to continue to offer exceptional service to its customers.
Building on the companies' 11-year relationship, NTL is expanding its previous contracts with ECI, which included repeat purchase agreements for ECI's optical and data networking solutions. NTL now has ECI's systems valued at millions of dollars installed across the UK.
"This service contract is a continuation of our ongoing relationship with ECI, since we have already been successfully using ECI's optical platform in our network," said Carl Grose, Director of Network Operations at NTL. "We are confident that ECI will continue to provide the excellent service and support we have been accustomed to receiving from it over the years."
"This new contract signifies the success of our initiative for providing professional services to our customers. Our experts have a wealth of technical experience and have helped install hundreds of networks around the world. The services they provide are invaluable for customers," said Darren Patterson, Managing Director of ECI Telecom UK. "We are honored to have been chosen to supply these services to a leading operator such as NTL."
ECI's service related offerings are part of the company's Global Professional Services Unit, which was created last year and is aimed at providing ECI's customers with a range of highly valuable services including implementation, maintenance and managed network operations.
About NTL
NTL provides wholesale communications services to fixed and wireless carriers, Internet Service Providers, Systems Integrators and resellers. The company generates annual revenues of over [pounds sterling]228 million from wholesale customers and manages the network that powers NTL's [pounds sterling]2 billion business.
NTL owns and operates the UK's largest network built for the broadband era. Its core spans over 16,162Km and passes a third of all UK homes and its access network covers over 125,000Km. This network is relied on for mission-critical communications by many of the UK's most demanding customers including all five of the UK's mobile network operators, major international carriers (e.g. France Telecom and Telstra) and numerous high-profile ISPs. The division's strategy is to empower its wholesale customers with maximum choice and functionality - from broadband to IP services, national to local access, bespoke to 'off-the-shelf' solutions - backed by consistent and competitive pricing.
About ECI Telecom
ECI provides advanced telecommunications solutions to leading carriers and service providers worldwide. By translating a deep understanding of their needs into innovative, technologically advanced solutions, ECI enables its customers to increase the value of the infrastructure of their networks and reduce operating expenses. ECI's platforms provide carriers and service providers with carrier-grade solutions for easily introducing new revenue-generating services.
ECI provides innovative IP service delivery solutions to the converged telecom networks encompassing Broadband access gateways, Service Edge Routers, Optical transport, NGN VoIP and multimedia applications and services. ECI maintains a global sales, marketing and customer support network, as well as a host of strategic channel relationships worldwide.
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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