DZS Completes Divestiture of Asia Business
DZSIDZS(DZSI) Newsfilter·2024-04-05 20:00

DALLAS, April 05, 2024 (GLOBE NEWSWIRE) -- DZS (NASDAQ:DZSI), a global leader of broadband networking and AI-driven cloud software solutions, today announced it has completed the divesture of its Asia business to DASAN Networks, Inc. (DNI), enabling the company to focus its go-to-market strategy, technology and innovation on the Americas, Europe, Middle East and Africa (AEMEA), and Australia/New Zealand (ANZ) regions. The transaction eliminates ~43millionofdebt,reducingthetotallongtermdebtto43 million of debt, reducing the total long-term debt to 15 ...