WALLINGFORD, Conn.--(BUSINESS WIRE)--Amphenol Corporation (NYSE: APH) today announced that it has completed its previously announced acquisition of CommScope's (NASDAQ: COMM) Connectivity and Cable Solutions (CCS) business. “The acquisition of the CCS business adds significant fiber optic interconnect capabilities for the IT datacom and communications networks markets as well as a diverse range...
RICHARDSON, Texas--(BUSINESS WIRE)-- #CommScope--CommScope (NASDAQ: COMM) announced the closing of transaction to sell its Connectivity & Cable Solutions segment to Amphenol Corporation (NYSE: APH).
CommScope (COMM) remains a Buy, with transformational divestitures, margin expansion, and a $10.5B CCS sale set to unlock significant shareholder value. Post-CCS, ANS and Ruckus drive growth, with DOCSIS 4.0 and Wi-Fi 7 upgrades fueling 49% Q3 sales growth and record 24.7% EBITDA margins. Management plans to use CCS proceeds to nearly eliminate debt and issue a substantial special dividend, sup...
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