DALLAS, May 6, 2024 (Globe Newswire) — DZS (Nasdaq: DZSI), a global leader in broadband networking and software-defined cloud solutions, today announced a commitment to acquire NetComm Wireless Pty Ltd. (NetComm). announced a powerful contract.
NetComm's fiber extension, fixed wireless access (FWA), home broadband, and industrial Internet of Things (IoT) products and patented products, combined with DZS's category of defining broadband networking and cloud software solutions, make it a world leader in The result is one of the most comprehensive and technologically advanced solutions. Last mile broadband access portfolio. NetComm has approximately 50 active communications service providers (CSPs) and enterprise customers in the United States, Canada, Latin America, Europe, Australia and New Zealand. In addition to substantial technology synergies, DZS plans to hire the majority of his NetComm employees, approximately 60% of whom are members of his research and development and customer care teams.
NetComm has a long history of innovation in developing differentiated broadband access technologies focused on quality, performance, and operational simplicity, including self-installation capabilities. The transaction is expected to close during the second quarter of 2024. Some of NetComm's active customers include UScellular (the fourth largest full-service wireless carrier in the United States), Bell Canada (Canada's largest carrier), Vodafone (one of the world's largest carriers), Telstra (Australia's largest telecommunications company), Aussie Broadband (Australia's fourth largest ISP) and More Telecom (Australia's fastest growing ISP) have all previously been disclosed.
Charlie Vogt, President and CEO of DZS, said: “The acquisition of NetComm underscores our commitment to innovation at the network edge and further aligns with our vision and strategy to be the premier technology leader in broadband networking and cloud software management solutions.” “While we are technology evangelists for broadband and fiber-first architectures everywhere, fixed and mobile service providers continue to evolve their networks to leverage different technologies that best suit the geography, topology, and economics of the markets they serve. With the addition of NetComm's fiber extension, fixed wireless, WiFi 7 home broadband, and industrial IOT products, the expanded DZS portfolio is perhaps the most complete, technologically advanced, open and standards-based in the world. It will be part of a broadband networking and cloud management software portfolio that uniquely addresses a wide range of CSP needs and architectures.We welcome new team members and long-time NetComm loyalists who will join DZS after the transaction closes. We are particularly enthusiastic about opportunities to partner with our customers to win future business.”
Founded in 1982, NetComm is a leading broadband networking innovator in the areas of 5G fixed wireless, residential broadband, fiber extension, and IoT technologies. NetComm Wireless traded on the Australian Securities Exchange until 2019, when Casa Systems acquired the company. Under the terms of the acquisition agreement, DZS will pay NetComm $7 million, including intellectual property and inventory, upon closing. With the addition of NetComm employees, DZS will have a team of approximately 550 members serving the Americas, EMEA, Australia and New Zealand markets. The purchase price includes up to $3 million in additional revenue if $87.5 million in 2024 revenue is achieved with a revenue structure starting with his $72.5 million in 2024 net revenue.
NetComm's technology portfolio complements DZS' leading optical, access, subscriber, and cloud edge portfolios, delivering what the company calls highly differentiated broadband services designed to exceed the growing demand for “broadband anywhere.” and experience.
NetComm's product portfolio:
- Fiber extension: Leverages Gfast technology over copper and coaxial cables to deliver fiber-like gigabit broadband speeds
- Fixed Wireless Access (FWA): 4G/5G mmWave technology delivers fiber-like gigabit broadband
- Home Broadband: Get WiFi 6/6E/7 in-home coverage with gigabit broadband speeds
- Industrial IoT: Enables network connectivity using 4G/5G wireless and WiFi technology
“NetComm's cutting-edge fixed and mobile subscriber access technology and major customers across Australia, New Zealand, North America and Europe strengthen DZS's broadband networking and cloud software portfolio,” said Steve Collins, CEO of NetComm. Masu. “Getting to know Charlie and his team, DZS products and customers, we are confident that the combination of technology, culture, customers, suppliers and employees will continue the innovation and product excellence that NetComm has cultivated over the past 40 years. It turned out to be perfect for.”
“We are excited to partner with NetComm to ensure our residential and business Internet customers have fast, reliable connectivity with an easy-to-install solution,” said Eric Jagger, senior vice president and chief marketing officer, US Cellular. We are pleased to continue our relationship.” “We are also excited about the expertise that DZS brings and look forward to working with them to drive further innovation and deliver an even better experience for our customers.”
“DZS has a strong commitment to delivering innovative, high-quality solutions,” said Crystal Dowds, vice president of architecture, engineering and technology at Lumen. “Our proactive approach to meeting customer needs and schedules is reinforced by a focus on the last mile and continuous improvement of the customer experience. makes her an ideal company to acquire NetComm.”
Andy Branson, CEO of More Telecom, said: “We are excited to see this combination come to life. It will strengthen our partnership, increase technology synergies and create further collaboration opportunities.”
Conference call details:
DZS plans to host an investor conference call to discuss the transaction on Tuesday, May 7thth 4pm CST. The details for dialing in a call are as follows:
Dial in: (866) 652-5200
Webcast: https://edge.media-server.com/mmc/p/rzhveqbg/
Request to join the DZS Business Update Call.
About DZS Co., Ltd.
DZS Inc. (Nasdaq: DZSI) is a global leader in broadband networking and software-defined cloud software solutions.
DZS, the DZS logo, and all DZS product names are trademarks of DZS Inc. Other brand and product names are trademarks of their respective owners. All specifications, products, and product names are subject to change.
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About NetComm Wireless
NetComm Wireless Limited is a leading developer of fixed wireless access, home broadband, industrial IoT, and fiber extension technologies that support an increasingly connected world. please listen. Innovate. solve. This methodology supports the unique requirements of leading telecommunications carriers, core network providers, system integrators, government and commercial customers around the world.
For more than 40 years, NetComm Wireless has developed a new generation of world-first data communications products and is now a globally recognized innovator in communications technology. NetComm is headquartered in Sydney, Australia.
Investor inquiries:
Ted Morrow, Vice President of Investor Relations
Email: IR@dzsi.com
For press inquiries:
Kenny Vesey, Thatcher & Co.
Phone: +1 973.518.3644
Email: kvesey@thatcherandco.com
