Unlock the Growth Potential: CommScope to Sell Outdoor Wireless Networks and Distributed Antenna Systems Businesses - Business

CommScope to Sell Outdoor Wireless Networks and Distributed Antenna Systems Businesses

CommScope , a global leader in network connectivity , has announced its decision to sell its Outdoor Wireless Networks ( OWN ) segment and the Distributed Antenna Systems ( DAS ) business unit to Amphenol Corporation . The sale , valued at approximately USD .1 billion in cash , is expected to be completed by the first half of 2025 , pending regulatory approvals . This strategic move will allow CommScope to focus on its core priorities and strengthen its remaining segments and business units.

 CommScope has a strong reputation for driving innovation and value for our customers . This transaction allows CommScope to increase focus and further strengthen its CommScope NEXT priorities with its remaining segments and business units,

said Chuck Treadway , CEO of CommScope . He expressed confidence in the performance of CommScope 's OWN and DAS businesses under Amphenol 's leadership . OWN provides wireless infrastructure solutions for mobile networks , while the DAS business offers cellular infrastructure solutions for venues , campuses , and enterprises.

Advisors and Trademarks

Moelis & Company is serving as the financial advisor to CommScope , while Alston & Bird LLP is providing legal counsel . CommScope and its logo are registered trademarks in the U.S. and other countries . The company 's forward - looking statements are based on current information , management 's beliefs , and assumptions about future events . It is important to note that forward - looking statements are not guarantees of performance and may be subject to uncertainties and factors that could impact actual results.

CommScope is known for pushing the boundaries of technology to create advanced wired and wireless networks . The company 's global team of employees , innovators , and technologists work together to empower customers to anticipate future trends and possibilities . For more information , visit www.commscope.com and follow CommScope on Twitter and LinkedIn for updates on press releases and blog posts.

Contact Information

For news media inquiries , contact Luke Hamer at [email protected] . For financial matters , reach out to Massimo Disabato , CommScope 's financial contact , at [email protected] . This strategic decision to sell its outdoor wireless networks and distributed antenna systems businesses marks a significant milestone for CommScope as it looks to streamline its operations and focus on key priorities for future growth and innovation.