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General

Casa Systems buys NetComm for AUD 161 mln

Friday 22 February 2019 | 09:47 CET | News
Update: 22 February 2019 | 10:22 CET
Casa Systems CEO Jerry Guo said NetComm was a strong strategic fit and that he believes the deal will create a global leader in the rapidly growing broadband enablement space for service providers across all access technologies. The acquisition will also diversify Casa Systems revenues both geographically and by product channel. It will expand Casa Systems' customer reach with several new Tier 1 global communications services provider customers and adds fixed wireless products to the company's portfolio, enabling it to address the large 5G fixed wireless access market. 

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[22/02/2019 10:22- Update: added more details about FY results]


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Categories: General
Companies: Casa Systems / NetComm
Countries: Australia / World
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