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Article: ECI Telecom Announces Finalization of Purchase Of IP Telephony Manufacturing and Development Division Of NKO Inc.

Article from:
Business Wire
Article date:
September 15, 1998
Copyright

PETAH TIKVA, Israel--(BUSINESS WIRE)--Sept. 15, 1998--ECI Telecom Ltd. (NASDAQ/NM symbol: ECILF) and NKO Inc. announced today that they have finalized the purchase of NKO's R&D division, including the assets technology and patents relating to voice and Fax over IP as well as transfer of all R&D personnel.

This announcement follows a previous announcement made on July 21, 1998, on the signing of an MOU agreement for this purchase.

The new R&D division will be integrated into ECI Telecom's existing Hi-PNet(TM) next generation, carrier class Voice over IP solutions development division.

ECI Telecom is expected to record a one time write ...

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