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Stock impact report

DZS Selected by LG U+ to Supply FTTH Solutions in South Korea

DZS Inc. (DZSI) 
Last dzs inc. earnings: 3/5 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: dasanzhone.com/about/investor-relations
Company Research Source: GlobeNewswire
OAKLAND, Calif., Dec. 03, 2018 (GLOBE NEWSWIRE) -- DASAN Zhone Solutions, Inc. (NASDAQ: DZSI), a global leader in fiber access transformation for enterprise and service provider networks, announced that its Korean business unit DASAN Network Solutions has been selected by LG U+ to supply Fiber-to-the-Home solutions. Valued at over $40 million, the award includes switches from DZS that will serve in the access layer of LG U+ FTTH networks. The contract reinforces DZS’s position as a preferred supplier and strategic partner for the operator. DZS signed a three-year preferred supplier contract with LG U+ on the March 29th, 2018. The supply period for FTTH solutions under this contract will be also be 3 years, from December 1, 2018 to November 30, 2021. As a global leader of advanced FTTX solutions, DZS is focused on offerings that empower service providers worldwide to scale their FTTH services in response to increasing demands driven by internet-based video services. “Our team remai Show less Read more
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