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General

Dasan Zhone reports Q1 hit by pandemic-led slowdown

Friday 8 May 2020 | 11:10 CET | News
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Dasan Zhone reported an EBITDA loss narrower than expected in the first quarter and said its gross margin reached its highest level in seven quarter. The company added that it has refunded its existing credit facility, reducing debt costs. CEO Yung Kim said that while the covid-19 pandemic created operational challenges, the company has still started commercial deployments of its new 5G mobile any-haul products and is seeing growing customer interest in its fibre broadband access technologies.

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Categories: General
Companies: Dasan Zhone Solutions
Countries: World
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