TEL AVIV (Reuters) - ECI Telecom has won a contract with British Telecom worth about $800 million (526 million pounds), the largest contract in the company’s history, ECI said on Tuesday.
The Israeli telecom equipment maker said it has been selected as one of BT’s partners by Openreach to help bring a large scale super-fast broadband network to the UK.
Openreach, part of the BT Group, recently announced plans to invest a further 1 billion pounds, or 2.5 billion pounds total, to extend deployment of fibre-to-the-premise and fibre-to-the-cabinet to around two-thirds of the UK by 2015.
ECI, a private company, will work with Openreach in deploying the next generation access (NGA) to up to 18 million households and businesses throughout Britain in the next three to five years. Deployment is scheduled to begin in July-August.
Openreach was created in 2006 to give communications providers equal access to the UK’s local access network.
ECI supplies communications platforms for carrier and service provider networks. It was acquired by the Swarth Group and certain funds for $1.24 billion in 2007 and delisted from Nasdaq.
Reporting by Tova Cohen