OAKLAND, CA — DASAN Zhone Solutions (DZS), a global provider of fiber access transformation for enterprise and service provider networks, announced it has completed the acquisition of KEYMILE, a solution provider and manufacturer of telecommunication systems for broadband access. With the acquisition, DZS strengthens its extensive portfolio of broadband access solutions to offer a series of multi-service access platforms for FTTx network architectures, including ultra-fast broadband copper access based on VDSL/Vectoring and G. Fast technology.
“We are delighted that KEYMILE will provide additional choice to complement our leading fiber solutions as part of a broader portfolio to empower global service providers,” said Yung Kim, CEO, DZS. “KEYMILE, with hundreds of customers across Europe, Latin America, and other geographic regions that complement DZS, will further strengthen and develop our position in those markets. We are excited about the significant global market opportunity ahead of us as a combined DZS.”
DZS acquired KEYMILE for EUR 10.25 million (equivalent to USD $11.78 million) in cash in exchange for all of the shares of KEYMILE. The purchase price was paid with DZS’ available cash as well as a draw under the Company’s revolving credit line with Wells Fargo Bank and a loan from DASAN Networks.
Thanks to BBC Wires (see source)