CommScope Completes Divestiture of Outdoor Wireless Networks and Distributed Antenna Systems Businesses to Amphenol Corporation
The Company previously announced the signing of a definitive agreement for the transaction on July 18, 2024.
The proceeds from the sale will be used to pay fees and expenses associated with the transaction and to repay all outstanding amounts under the Company’s asset-backed revolving credit facility, to repay in part the Company’s
The Company will provide additional information about the transaction’s impact on its fiscal year 2025 outlook during the next quarterly earnings call.
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CommScope (NASDAQ: COMM) is pushing the boundaries of technology to create the world’s most advanced wired and wireless networks. Our global team of employees, innovators and technologists empower customers to anticipate what’s next and invent what’s possible. Discover more at www.commscope.com.
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This press release includes forward-looking statements that are based on information currently available to management, management’s beliefs, as well as on a number of assumptions concerning future events. Forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, which could cause the actual results to differ materially from those currently expected. In providing forward-looking statements, the company does not intend, and is not undertaking any obligation or duty, to update these statements as a result of new information, future events or otherwise.
Source: CommScope
View source version on businesswire.com: https://www.businesswire.com/news/home/20250203737791/en/
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Luke Hamer, CommScope
Luke.Hamer@commscope.com
Financial Contact
Massimo Disabato, CommScope
Massimo.Disabato@commscope.com
Source: CommScope