DASAN Networks, Inc. (KOSDAQ:A039560) signed a definitive agreement to acquire Asia operations of DZS Inc. from DZS Inc. (NasdaqCM:DZSI) for $48 million on January 5, 2024. The consideration consists of $5 million of cash and the elimination of approximately $43 million of debt. The transaction is expected to close on March 29, 2024, subject to regulatory approvals and other customary closing conditions.

The transaction is expected to close on March 30, 2024.