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Stock impact report

DZS (DZSI) Closes Asia Business Divestiture for Core Focus [Yahoo! Finance]

AudioCodes Ltd. - Ordinary Shares (AUDC) 
Last audiocodes ltd. - ordinary shares earnings: 7/24 02:09 am Check Earnings Report
Company Research Source: Yahoo! Finance
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 $43 million of debt, significantly reducing its long-term debt to $15 million. The decision to divest aligns with DZS' long-term growth pillars, which include a focus on the fiber broadband investment cycle, growth opportunities in North America, Europe and the Middle East, as well as advancements in software-defined networking and 5G mobile transport adoption. By narrowing its focus to the AEMEA and ANZ regions, DZS aims to capitalize on its market-leading technologies, such as the Velocity access edge optical line terminal portfolio and advanced AI-driven software solutions. These investments are well-aligned with the increasing demand for next-generation fiber networks, supported by significant government stimulus programs. Moreover Show less Read more
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