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(From MENA Business Reports)
Israel-based ECI Telecom reported that its subsidiary, ECtel Ltd., expects revenues of $14-16 million and a net loss of three-five million dollars for the first quarter of 2003. ECI currently holds a 59 percent stake in ECtel. As a result, ECI expects that its consolidated results for the first quarter, 2003, will be negatively impacted by ECtel's shortfall.
In February 2003, as part of the publication of its fourth quarter 2002 results, ECI said that it expects revenues in its core …