DZS (DZSI) Closes Asia Business Divestiture for Core Focus
DZS(DZSI) Zacks Investment Research·2024-04-08 21:56
DZS Inc. (DZSI) has completed the divestiture of its Asia business to DASAN Networks, Inc., marking a pivotal step in its growth strategy. With the sale, DZS is poised to focus its resources on key regions, including the Americas, Europe, the Middle East and Africa (AEMEA), and Australia/New Zealand (ANZ). The move not only streamlines its operations but also eliminates approximately 15 million. The decision to divest aligns with DZS' long-t ...