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DZS completes acquisition of KEYMILE

Published 01/03/2019, 10:40 AM
Updated 01/03/2019, 10:40 AM
© Reuters.  DZS completes acquisition of KEYMILE
  • DASAN Zhone Solutions (DZSI +1.1%) announced it has completed the acquisition of KEYMILE.
  • DZS acquired KEYMILE for $11.78M 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 (NYSE:WFC) Bank and a loan from DASAN Networks, Inc.
  • Now read: AmeraMex International receives orders totaling 5k


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