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CommScope to Sell Its Connectivity and Cable Solutions Business to Amphenol for $10.5 billion
CommScope has announced that it has entered into a definitive agreement to sell its Connectivity and Cable Solutions (CCS) segment to Amphenol Corporation for approximately USD $10.5 billion in cash, to be paid by Amphenol upon closing.
Investors continue to shun the broadband cable sector. Comcast (CMCSA) faced selling pressure after it posted second-quarter results. In Q2, Comcast posted an EPS of $1.25 (non-GAAP). Revenue ...
Connecticut-based Amphenol is nearing a deal to buy communication network infrastructure provider CommScope Holding's connectivity and cable unit, in a deal valued at roughly $10 billion including ...
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