Inovia Telecoms, a unit of ECI Telecom (Nasdaq:ECIL), is close to completing follow-up deals worth up to $160 million with Deutsche Telekom and France Telecom, a source close to the company said on Tuesday.
The two telephony giants will be ordering Inovia's digital subscriber line systems, which enable high-speed Internet transmission over existing copper telephone wires.
The deals are worth a total of $150 million to $160 million, the source told Reuters.
The source was unable to give a separate figure for each order, but said the systems would be delivered next year.
Inovia makes solutions to enhance carriers' infrastructure to support features such as video channel streaming, fast Internet, TV commerce, multicasting and video-on-demand.