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Convergenze S.p.A. Società Benefit First to Deploy 10Gbps Internet Services in Southern Italy with XGS-PON Technology from DZS

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DZS (Nasdaq: DZSI) announces a partnership with Convergenze S.p.A., a leading telecommunications operator in southern Italy, to deploy XGS-PON technology. This initiative aims to enhance broadband connectivity for over 21,000 subscribers and is supported by state broadband stimulus funds. Convergenze's adoption of DZS Velocity and Xcelerate systems will significantly upgrade their network capabilities, facilitating a flexible transition to next-generation services. The project is a response to increasing demand for high-speed internet across various sectors.

Positive
  • Convergenze is deploying XGS-PON technology from DZS, advancing broadband connectivity in southern Italy.
  • The deployment will serve over 21,000 residential and business subscribers, expanding market reach.
  • Convergenze's partnership with DZS utilizes state-supported broadband stimulus funding, enhancing financial stability.
  • DZS's technology allows for flexible service upgrades, ensuring long-term profitability.
Negative
  • None.

One of the fastest-growing southern Italy service providers taps broadband stimulus to deploy XGS-PON fiber optic connectivity over existing infrastructure, enables new services, maximizes revenues

DALLAS, May 20, 2022 (GLOBE NEWSWIRE) -- DZS (Nasdaq: DZSI), a global leader in access networking infrastructure, service assurance and consumer experience solutions, today announced that Convergenze S.p.A. Società Benefit, one of the fastest-growing telecommunications operators located in southern Italy, is deploying XGS-PON technology from DZS, bringing connectivity standards in the region to new heights. Convergenze is the first operator to deliver XGS-PON services in southern Italy with the deployment of the DZS Velocity portfolio, reaching over 21,000 residential, business and wholesale subscribers.

“We have been working with DZS since 2009 and have been incredibly satisfied with their blend of value, product selection and excellent customer support,” said Rosario Pingaro, President and CEO of Convergenze S.p.A. Società Benefit. “We are now registering skyrocketing bandwidth demand from our customers as basically everything goes through the Internet—learning, working, gaming and entertainment. Deploying DZS’s GPON/XGS-PON combo card for next-generation and hyperfast broadband connectivity will bring a plethora of changes and improvements to our network, including a clear upgrade path without compromising our customer base. We are constantly working to increase our network capacity at any level, and this change is the start of many more brilliant technology innovations to come.”

Supported by the Velocity V2 platform from DZS, Convergenze implemented fiber to the home (FTTH) services in 2015 when they deployed GPON to upgrade their previous service based on copper lines. The platform was designed for the evolution and migration to XGS-PON services. The service provider is also deploying Xcelerate by DZS, a next-generation line of 10 Gig-Class fiber access cards and systems. These any-PON-Any Port line cards offer unique flexibility to choose GPON, XGS-PON or GPON+XGS-PON (combo) on a per port basis, an approach that enables technology transformation while minimizing cost in terms of capex and opex. The Convergenze network extends over 40 points of presence where access systems deploy 500 OLT ports, serving 14,000 ONTs.

“Convergenze CEO Rosario Pingaro has always had an experience provider vision that has enabled the company to consistently think about seamlessly evolving their network with upgradable, advanced services while smartly qualifying for additional State supported broadband stimulus,” said Erwin Trautmann, Vice President, EMEA at DZS. “As a result, we were able to support their move to XGS-PON with DZS XCelerate OLT combo line cards by flexibly adding new high value and high bandwidth services that maximize past investments and future revenues over the existing Fiber to the Home (FTTH) network.”

Convergenze is an integrated technology operator active at a national level in the telecommunications, energy, e-mobility sectors. Its operational and legal headquarters are located in Capaccio Paestum, in the province of Salerno.

To learn more about DZS, visit https://www.dzsi.com

About DZS

DZS Inc. (NSDQ: DZSI) is a global leader in access networking infrastructure, service assurance and consumer experience software solutions.

DZS, the DZS logo, and all DZS product names are trademarks of DZS Inc. Other brand and product names are trademarks of their respective holders. Specifications, products, and/or product names are all subject to change.

This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Private Securities Litigation Reform Act of 1995. These statements reflect the beliefs and assumptions of the Company’s management as of the date hereof. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “target,” “will,” “would,” variations of such words, and similar expressions are intended to identify forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. The Company’s actual results could differ materially and adversely from those expressed in or contemplated by the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, those risk factors contained in the Company’s SEC filings available at www.sec.gov, including without limitation, the Company’s annual report on Form 10-K, quarterly reports on Form 10-Q and subsequent filings. In addition, additional or unforeseen affects from the COVID-19 pandemic and the global economic climate may give rise to or amplify many of these risks. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. DZS undertakes no obligation to update or revise any forward-looking statements for any reason.

For further information see: www.DZSi.com.
DZS on Twitter: https://twitter.com/dzs_innovation
DZS on LinkedIn: https://www.linkedin.com/company/DZSi/


FAQ

What is the significance of DZS's partnership with Convergenze S.p.A.?

The partnership allows DZS to deploy XGS-PON technology, enhancing broadband connectivity for over 21,000 subscribers, marking a key advancement in southern Italy's telecommunications.

How many subscribers will benefit from the new broadband services by DZS?

The new broadband services will benefit over 21,000 residential, business, and wholesale subscribers.

What technology is DZS implementing for Convergenze?

DZS is implementing XGS-PON technology as part of its Velocity portfolio to support high-speed internet services.

When was the press release regarding DZS and Convergenze issued?

The press release was issued on May 20, 2022.

What is the stock symbol for DZS?

The stock symbol for DZS is DZSI.

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