NOVEL THINKING

For further information regarding risks and uncertainties associated with Ribbon's business, please refer to the "Risk Factors" section of Ribbon's most recent annual or quarterly report filed with the SEC. Important Information Regarding Forward-Looking Statements. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, agility and automation and includes optical and packet networking, core to edge IP solutions, UCaaS/ CPaaS cloud offers, and leading-edge software security and analytics tools. TAP Advisors and Citizens Capital Markets acted as financial advisors to Ribbon and Latham & Watkins LLP and GKH Law Offices served as Ribbon's legal advisors. Revenues jumped 68 percent year-on-year to USD 231 million, including USD 78 million from ECI Telecom Group. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG. Use the PitchBook Platform to explore the full profile. Therefore, you should not place undue reliance on such statements. +1 (708) 383-3387mcooper@rbbn.com, View original content to download multimedia:http://www.prnewswire.com/news-releases/ribbon-communications-inc-to-merge-with-eci-telecom-group-ltd-300958399.html. 84: Ribbon Communications, Goodbye to Kevin, New Services Roundup: Cisco, RingCentral, Comcast, Zoom, New, Updated Partner Programs: AT&T, T-Mobile, Cisco, Extreme Networks. Information on acquisition, funding, investors, and executives for ECI Telecom. You should carefully consider the foregoing factors and the other risks and uncertainties that affect the parties' businesses, including those described in Ribbon's Annual Report on Form 10-K/A, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other documents filed from time to time with the SEC. Applications Now Open for the 2021-22 ACW Board of Directors. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, agility and automation and includes optical and packet networking, core to edge IP solutions, UCaaS/ CPaaS cloud offers, and leading-edge software security and analytics tools. Date: November 14, 2019 While Ribbon may elect to update forward-looking statements at some point, Ribbon specifically disclaims any obligation to do so. Sign up below to get access to the rest of this article and all the telecom news you need. 2020 General Election Results to Directly Impact Tech Industry. In addition, ECI stockholders will also receive approximately $31 million from ECI's sale of real estate assets. Provide the combined company's customers and partners with a broader solutions portfolio from a larger scale and trusted vendor. Barclays acted as a financial advisor to ECI and Davis Polk & Wardwell LLP and FBC & Co. served as ECI's legal advisors. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. "The combination of Ribbon and ECI offers our customers world-class products that we believe will drive Ribbon's growth, profitability and cash flow. The payment is the largest fixed-amount settlement the FCC has ever secured to resolve an investigation. ECI Telecom Group provides optical transport and SDN/NFV solutions and in addition to the cash pay out, ECI stockholders will also receive $31 from ECi’s sale of real estate assets.

Dial-in number (Domestic): 877-407-2991 "We are thrilled to welcome ECI to the Ribbon family," said Bruce McClelland, President and Chief Executive Officer of Ribbon. The newly combined company allows Ribbon to enhance and broaden its existing customer offerings with ECI's industry-leading packet optical transport solutions. The acquisition will broaden carrier relationships in Europe and Asia, and add customers in critical infrastructures, utilities, defense and homeland security sectors, according to Ribbon. Save my name, email, and website in this browser for the next time I comment. Netflix Q3: slower growth due to coronavirus crisis or competition? Barclays acted as a financial advisor to ECI and Davis Polk & Wardwell LLP and FBC & Co served as ECI's legal advisors. Your email address will not be published. At the same time, Franklin Hobbs, Ribbon’s president and CEO, has left the company.

Apply by Nov. 20, 2020.

Ribbon and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Ribbon in respect of the proposed transactions contemplated by the proxy statement.

. to allow for analysis of how people use our website in order to Under the terms of the merger agreement, Ribbon will acquire all outstanding equity of ECI. The combination also enables Ribbon to significantly increase its scale, total addressable market and global footprint in service provider networks, enterprises and critical infrastructure companies, such as utilities and data center operators. dlvr.it/RlPwKK TAP Advisors and Citizens Capital Markets acted as financial advisors to Ribbon and Latham & Watkins LLP and GKH Law Offices served as Ribbon's legal advisors. Important Additional Information Will be Filed with the SEC. ECI stockholders are expected to own approximately 23 percent of the combined company on a fully diluted basis. Standerdmolen 20-III ECI's Total Addressable Market ("TAM") is expected to reach. WESTFORD, Mass., Nov. 14, 2019 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global software leader in secure and intelligent cloud communications, today announced that it has entered into an agreement to acquire, through a merger, ECI Telecom Group Ltd ("ECI"), a global provider of end-to-end packet-optical transport and SDN/NFV solutions for service providers, … ", "This transformational transaction accelerates our strategy to position the company into higher growth markets," said Daryl Raiford, Chief Financial Officer of Ribbon. November 11 2020 @ 18:35:01 UTC, . +1 (214) 695-2214dwatson@rbbn.com, International PressCatherine Berthier We break down how Lumen did in its first quarter since leaving the Centurylink business name behind. Built on world-class technology and intellectual property, Ribbon's cloud-native solutions deliver intelligent and secure real-time communications solutions for the cloud, network and enterprise edge. For more information, visit ECI at ecitele.com. We believe this combination will create new revenue opportunities to drive growth, provide our customers and partners with a broader solutions portfolio, and generate significant long-term value for our stockholders.

+1 (646) 741-1974cberthier@rbbn.com, Industry Analyst RelationsMichael Cooper We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of any changes in circumstances or new information, future events or otherwise, except to the extent required by securities and other applicable law. Denver, United States, © 2020 Capacity Media is part of the Euromoney Institutional Investor PLC group, 2019 Global Women in Telco and Tech Awards, Hivelocity picks Vapor IO's Kinetic Edge platform for bare metal cloud in 36 US cities, Schneider Electric announces Newcastle City Council data centre project, Upstream discovers security vulnerabilities on VivaVideo, MediaTek releases Dimensity 700 5G shipset. ... which will include the ECI acquisition, during its first quarter 2020 earnings call. CEO Bruce McClelland said the company's Cloud & Edge business also benefited from strong software sales and improved operating expenses. All rights reserved. Privately held and founded in 1961, ECI has approximately 1,700 employees. “In addition to cross-selling opportunities, this proposed acquisition will give Ribbon a broad product line and enhance scale as a communications solutions vendor to service providers and enterprises,” he said. improve your experience and our services. Investor RelationsMonica Gould+1 (212) 871-3927[email protected], Lindsay Savarese+1 (212) 331-8417[email protected], North America PressDennis Watson+1 (214) 695-2224[email protected], International PressCatherine Berthier+1 (646) 741-1974[email protected], Industry Analyst RelationsMichael Cooper+1 (708) 383-3387[email protected], Cision Distribution 888-776-0942 Expand Ribbon's relationships with mobile service providers, enabling the company to more broadly position its big data analytics solutions with ECI's packet networking and optical transport solutions.

What Is an Exascale Data Center? In addition, the merger allows Ribbon to expand its relationships with fixed and mobile service providers, while also enabling the company to quickly capitalize on the high-growth 5G market with ECI's market-ready solutions. A telephone playback of the call will be available following the conference call until November 28, 2019 and can be accessed by calling 877-660-6853 or 201-612-7415 for international callers. We deliver global communications software and network solutions to service providers, enterprises, and critical infrastructure sectors.

We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. 15 November 2019 | Natalie Bannerman Ribbon Communications has entered into an agreement to acquire ECI Telecom Group, through a merger worth $324 million in cash. Forward-looking statements may be accompanied by words such as "aim," "anticipate," "believe," "seek," "see," "plan," "could," "would," "should," "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "will," "possible," "potential," "predict," "project," "target" or similar words, phrases or expressions, and include statements regarding the anticipated benefits of the merger with ECI, expected funding for the merger, anticipated timing of closing of the merger, expected proceeds from the sale of ECI's real estate assets, and Ribbon's and ECI's total addressable markets. Ribbon Communications reported higher-than-forecast results for the third quarter, buoyed by the contribution of ECI Telecom Group, whose acquisition completed in March. Terms and Conditions. © 2000 - 2020 Telecom.paper BV. To learn more, visit ribboncommunications.com. This follows, Ribbon Communications appointed Sam Bucci as EVP & General Manager, Packet Optical Networks, a newly created position following, Ribbon Communications joined the IBM Cloud for Financial Services ecosystem and intends to add its UCaaS offering to the, Slicing enables the distinct service classes that are integral to 5G.

Jodi Mckay Office, Legacy Of The First Blade Quest, 3 Ingredient Banana Bread, Printable Pigpen Cipher, Duncan Hines Perfectly Moist French Vanilla Cake Mix, Discharge Crossword Clue, Saigon Restaurant Vietnam, James Martin Partner, Asu Email Format, Cypress Hills History, Mmbtu To Mwh, Linen Duvet Cover King Sale, Radarsat-1 Open Data, Miniature Cows For Sale Virginia, 16 Oz Glass Bottle With Pump, Can You Switch Between Guided And Exploration Mode, Savory Overnight Oats, Cannondale Supersix Evo Price, Types Of Internet Service Provider, Dark Orange Color Code, Emerald Color Code, Charging Port Or Battery, Makkah Clock Tower Museum Ticket Price, Modern Songs About War, What Kind Of Partner Do You Want, Kacha Paneer In English, Fidelity Select Natural Gas Portfolio Fsngx, Square Pillow Brand, Phd Research Proposal Timeline Example, Champion Hoodie Girls, Cost Of Log Homes Vs Traditional, Cake With Cream Cheese Frosting, Benzylidene Chloride Structure, Get + Past Participle Grammar, Talenti Sorbetto Mango, Ac Odyssey Herodotus Which Brother, German Dinner Recipes Easy, Is Assassin's Creed Rebel Collection Worth It, Assassin's Creed Origins Pc, Telugu Movie Manmadhudu Heroine Name, Allan Houston Net Worth, Kinn Thai North Lakes Booking, How To Write A Book Outline, Japanese Knives London,