DZS agreed to acquire NetComm Wireless Pty Ltd. (NetComm), an Australian supplier of access systems that operates as a subsidiary of Casa Systems. NetComm has approximately 50 active communications service provider (CSP) and enterprise customers in the United States, Canada, Latin America, Europe, Australia and New Zealand. Financial terms were not disclosed.
NetComm’s Product Portfolio:
- Fiber Extension: Delivers fiber-equivalent gigabit broadband speeds leveraging Gfast technology over copper and coaxial cable
- Fixed Wireless Access (FWA): Provides fiber-equivalent gigabit broadband via 4G/5G millimeter wave technology
- Home Broadband: Enables WiFi 6/6E/7 in-home coverage at gigabit broadband speeds
- Industrial IoT: Delivers networking connectivity leveraging 4G/5G wireless and WiFi technologies
Among active NetComm customers are numerous large scale CSPs such as UScellular (the fourth-largest full-service wireless carrier in the United States), Bell Canada (Canada’s largest telecom company), Vodafone (one of the world’s largest telecom operators), Telstra (Australia’s largest telecom company), Aussie Broadband (Australia’s fourth-largest ISP) and More Telecom (fast-growing Australian ISP), all of which have been previously disclosed.
“NetComm’s cutting-edge fixed and mobile subscriber access technologies and marquee customers spanning Australia, New Zealand, North America and Europe will bolster DZS’ broadband networking and cloud software portfolio,” said Steve Collins, CEO, NetComm. “Getting to know Charlie, his team and the DZS products and customers has assured us that the combination of technology, culture, customers, suppliers and employees is an ideal fit to continue the innovation and product excellence NetComm has cultivated over the last 40 years.”
- In 2019, Casa Systems acquired 100% of the equity shares in NetComm in a deal valued at A$161 million.
- In April, citing "a significant decline in revenue and profits due in large part to industry-wide downward capital investment and procurement trends in the cable and telco markets," Casa Systems filed voluntary petitions for debt relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.
