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Hubbell Announces Agreement for Telecommunications Sale
ORANGE, Conn.--(BUSINESS WIRE)--Feb. 8, 2000--Hubbell Incorporated (NYSE:HUBA, HUBB) today announced an agreement to sell its WavePacer Digital Subscriber Line (DSL) assets to ECI Telecom Ltd. (NASDAQ: ECIL) of Petah Tikva, Israel. Completion of the transaction is subject to closing conditions, including regulatory clearances. The transaction is expected to close within sixty days.

Hubbell Incorporated will continue to manufacture the core products of its Pulse Communications operation which include Central Office D4 transmission equipment and Series 5 Digital Loop Carrier Equipment. Pulsecom is a major supplier of these components to the Regional Bell Operating Companies (RBOC) and is introducing new products including D4 channel units and fiber-based Series 5 systems. Combined with Hubbell Premise Wiring, Pulsecom will continue as an active participant in telecommunications markets.

ECI Telecom Ltd., is a provider of integrated network solutions and data transmission systems used to enhance the capabilities of existing networks to support voice, data, video, and multimedia services.

Hubbell Incorporated is an international manufacturer of quality electrical and electronic products for commercial, industrial, utility, and telecommunications markets. With $1.4 billion in annual revenues, Hubbell Incorporated operates manufacturing facilities in North America, Puerto Rico, Mexico, Singapore, and the United Kingdom, participates in joint ventures with partners in South America and Taiwan, and maintains sales offices in Malaysia, Hong Kong, South Korea, and the Middle East. The corporate headquarters is located in Orange, CT.