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ECI Telecom Remains India's Top Transmission Equipment Vendor for Third Consecutive Year

Posted on: Monday, 4 August 2008, 03:00 CDT

ECI Telecom, a global provider of networking infrastructure solutions, today announced that Voice & Data, India's leading telecom magazine published by Cyber Media, ranked ECI Telecom as the #1 transmission equipment vendor in India for the third consecutive year. The company maintained its leadership with 30% market share, significantly ahead of other market competitors.

India's domestic telecommunications segment is one of the fastest growing markets in the world, driven in large by the exponential growth rate of the country's cellular sector from which transmission vendors as ECI are particular beneficiaries.

According to the Voice & Data survey, the Indian telecommunications industry grew by 24% from Rs 76,973 crore ($18 billion) in FY 2006-07 to Rs 95,407 crore ($22.3 billion) in FY 2007-08. The transmission equipment market increased by 53% to record Rs 1,931 crore ($452 million) in revenues, propelled primarily from the network infrastructure expansions required to support increased cellular voice traffic.

India also experienced high growth in the broadband access market, with 68% year-over-year growth. As an end-to-end network equipment provider, ECI is well-positioned to leverage its leadership in the transmission market to compete in this sector as well. ECI's 1Net business framework, as announced in March 2008, can help service providers with the inevitable transition to next-generation networks and services, through fiber to the home/building technologies, Carrier Ethernet and managed services.

Elaborating on ECI's leadership position, Kiran Pande, President, ECI Telecom India, said, "We are very proud to be recognized as the leading transmission equipment vendor in India for the third consecutive year. This acknowledgement is once again a testament of our ongoing leadership and expertise in this important growth market. Our ongoing commitment to offer innovative and efficient solutions to our customers, as define by our 1Net framework, has allowed us to become the 'partner of choice' to India's key telecommunication operators, supporting them in their efforts to deliver the country's next generation of services."

Please note: US dollar conversion rate is an estimation, and is based on currency exchange calculated for the month of June 2008 at 42.76 Indian Rupee per US dollar.

* Revenues are in Rs crore for fiscal year 2007 - 2008 as presented by Voice & Data Magazine, June 2008.

About ECI Telecom

ECI Telecom Ltd. is a global provider of networking infrastructure equipment delivering innovative communications platforms to carriers and service providers world over. ECI Telecom provides scalable broadband access, transport and data networking infrastructure which enables the foundation for the communications of tomorrow which include next-generation voice, IPTV, mobility and other business solutions.

Founded in 1961, ECI Telecom is headquartered in Israel, with a strong global presence around the world. ECI has development centers in India, China, USA and Israel. ECI Telecom has 8 offices across India and among its valued customers are some of the country's leading service providers including Bharti, Idea Cellular, Tata and Vodafone.

For more information, please visit www.ecitele.com

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 as well as other risks.

Source: Business Wire

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