US Edition
CommScope Strikes $10.5B Deal to Sell Cable Business to Fortune 500 Company
UNITED STATES, AUG 3 – Amphenol aims to expand its broadband and network infrastructure portfolio with a $10.5 billion purchase, while CommScope seeks to cut $9.4 billion in debt, sources said.
- On Monday, Amphenol Corp. revealed plans to purchase CommScope’s unit specializing in connectivity and cable products in a deal valued at $10.5 billion.
- CommScope plans to sell this division to help lower its $9.4 billion debt and simplify its business, with the transaction anticipated to be finalized sometime during the first six months of 2026.
- Amphenol plans to finance the all-cash acquisition using cash on hand and debt, supported by commitments from J.P. Morgan Securities and Mizuho Bank.
- Amphenol CEO Adam Norwitt said CCS's fiber-optic interconnect solutions are "highly complementary" to their offerings, and CCS is on track for about $3.6 billion in revenue this year.
- The acquisition will expand Amphenol's broadband portfolio, enhance its market share amid rising broadband and 5G demand, and allow CommScope to focus on its remaining businesses and shareholder distributions.
14 Articles
14 Articles
Amphenol finalizes $10.5B acquisition of CommScope's Connectivity and
Amphenol Corporation (NYSE:APH) has reached a definitive agreement to acquire CommScope’s Connectivity and Cable Solutions ((CCS)) business for $10.5 billion in cash. The development will significantly expand Amphenol’s product capabilities
Amphenol to buy CommScope unit in $10.5 billion broadband connectivity deal
(Reuters) -Amphenol on Monday entered a $10.5 billion deal to buy CommScope's connectivity and cable solutions unit, the largest purchase by the fibre-optic cable maker that would make it a key player in the market for U.S. wireless infrastructure.
Amphenol Nears Deal to Buy CommScope’s Broadband Unit, WSJ Says
Amphenol Corp. is nearing an acquisition of CommScope Holding’s broadband connectivity arm in a deal valued at roughly $10.5 billion including debt, the Wall Street Journal reported on Sunday, citing people with knowledge of the matter.
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
