CommScope Selling Home Network Business to France's Vantiva
CommScope agreed to sell its Home Networks Business to France’s Vantiva. CommScope said Tuesday it had been seeking a buyer since April 2021 and “determined that Vantiva is the best partner for this business.” CommScope gets in return a 25%…
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stake in Vantiva and “earnout” of up to $100 million based on Vantiva earnings. “For the past 2 years, we have methodically and thoughtfully considered the strategic alternatives for our Home Networks business which would provide the highest value for our shareholders and the best partner to support our customers,” said CommScope CEO Chuck Treadway: “Our Home Networks business is currently in a challenging environment, and by combining these two businesses we believe it provides the best opportunity for future success.”