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Dasan Zhone reports lower Q4 on slowdown in operator spending

Friday 6 March 2020 | 11:28 CET | News
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Dasan Zhone reported lower-than-expected results for the fourth quarter, affected still by the continuing slowdown in telecom operator spending, as well as the global economic slowdown due to the coronavirus. But despite this soft start to the year, the company said it enters 2020 with the strongest backlog of 5G projects in its history, plus a strong pipeline of new business opportunities. The company also strengthened its financial position with a new term loan of USD 18.5 million, from 44 percent shareholder Dasan Networks. This all positions it well for growth and profitability over the

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Categories: General
Companies: Dasan Networks / Keymile
Countries: World
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