CommScope Selling Business Units to Amphenol for $2 Billion
CommScope agreed to sell its outdoor wireless networks unit and distributed antenna systems business to Amphenol for $2.1 billion in cash. Amphenol will make payment when the deal closes, which is expected in the first half of 2025, CommScope said.…
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“We are excited by the prospect of adding CommScope’s mobile networks businesses and their approximately 4,000 talented employees to the Amphenol family,” Amphenol CEO Adam Norwitt said Thursday. The transaction “allows CommScope to increase focus and further strengthen its CommScope NEXT priorities with its remaining segments and business units,” CommScope CEO Chuck Treadway said. The company unveiled its CommScope Next plan three years ago to examine its full portfolio or products and businesses.