Using the Ethernet/Advanced Chat Server example adapted for Zephyr (see attachment), the Telnet connection closes right after the greeting message.
Serial output shows:
Chat server address: 192.168.2.9
We have a new client #0
Client side:
Connected to 192.168.2.9.
Hello, client number: 0
Connection closed by foreign host.
The connection drops immediately, before any data can be exchanged.