Wednesday, August 27, 2008

Dasan Networks Buys Out NSN Share, Companies Sign OEM Deal

DASAN Networks, a leading network equipment supplier in Korea, will acquire all of Nokia Siemens Networks' shares in Dasan Networks which represent 56.13% of all the shares of the company. With the acquisition completed these Korean investors will hold 60.83% of the shares of the company. The remainder of the shares are held by various shareholders.

Dasan's product portfolio includes IP-DSLAMs, Ethernet switches and FTTx solutions.

The companies plan to continue close cooperation through an Original Equipment Manufacturer- and Original Design Manufacturer agreement. Dasan products will remain part of NSN's broadband access solution.http://www.nokiasiemensnetworks.com