Vecima Networks (TSE:VCM) has released an update.
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Vecima Networks, a leader in multi-gigabit network solutions, has emerged as the backup bidder for the acquisition of Casa Systems’ Cable Business Assets with a bid of USD$44.95 million. Although Vecima did not increase its final bid after thorough due diligence, CEO Sumit Kumar emphasizes the company’s strong financial performance and its commitment to driving the industry forward. Vecima anticipates providing updates on the acquisition process and its growth prospects in the near future.
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