Russian Aquisition of ECI Telecom Reported
The Israeli media is full of reports in the Russian press of the purchase of Israeli telecom networking infrastructure provider ECI Telecom by a Russian company for #1.3 Billion. According to YNETNews the sale reflects Russia’s desire to move up in the high-tech industry and develop products at an international level. The reported buyer is Russian atomic energy giant Rosatom Nuclear Energy State Corporation, which is state owned.. According to reports Russian President Dimintri Medvedev is signing off on the deal. Only the Globes report puts a question mark on the sale, citing that similar reports came out of Russia in 2010 but the deal fell through.