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L&L acts on India leg of US’ Ribbon Comms buy of global ECI Telecoms business (Nov ‘19)

[US-based] 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, enterprises, and data center operators, for 32.5 million shares of Ribbon common stock and $324 million of cash. ECI stockholders will also receive approximately $31 million from ECI’s sale of real estate assets.

Corporate Press Release

L&L Partners advised Ribbon Communications Inc led by partner Shinoj Koshy, who was assisted by associate Aishwarya Mudgil, associate Mayank Labh, and associate Purvi Khanna. partner Lokesh Shah and senior associate Saksham Singhal advised on the tax aspects of the transaction.

Primary jurisdiction of deal: US


Deal value: Confidential

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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