CommScope to Sell its Connectivity and Cable Solutions Segment to Amphenol Corporation for $10.5 billion

CommScope has agreed to sell its Connectivity and Cable Solutions (CCS) segment to Amphenol Corporation for approximately $10.5 billion in cash. The transaction is expected to close in the first half of 2026, subject to regulatory approvals and shareholder votes.
CommScope to Sell its Connectivity and Cable Solutions Segment to Amphenol Corporation for $10.5 billion
CommScope (NASDAQ: COMM), a global leader in network connectivity, announced today it has entered into a definitive agreement to sell its Connectivity and Cable Solutions (CCS) segment to Amphenol Corporation (NYSE: APH).

CommScope (the “Company”) is selling its CCS business to Amphenol for approximately USD $10.5 billion in cash, to be paid by Amphenol upon closing. The sale is expected to close within the first half of 2026, subject to customary closing conditions, including receipt of applicable regulatory approvals and the affirmative vote of the shareholders. The vote is required under Delaware law due to the nature and size of the transaction.

The Company expects net proceeds after taxes and transaction expenses to be approximately $10 billion. After repaying all debt, redeeming all preferred equity, which is held by global investment firm Carlyle (NASDAQ: CG), and adding modest leverage on the remaining business, the Company will have significant excess cash. The Company expects to distribute this excess cash to shareholders as a dividend within 60 to 90 days following the closing of the proposed transaction. The exact amount and timing of the dividend will be determined by the Company after closing and after taking into account all relevant factors.

"I’m excited to announce this transformational deal that unlocks equity value, returns cash to our shareholders and strengthens our remaining businesses,” said Chuck Treadway, CEO, CommScope. “ANS and RUCKUS will continue to stay focused on what matters most—our shareholders, customers, employees and other stakeholders. In our ANS and RUCKUS businesses, we will continue to develop the next generation of network connectivity. CommScope’s CCS business is positioned to continue to perform well under Amphenol’s leadership.”

The release will be followed by a 4:30 p.m. Eastern conference call in which management will discuss the transaction and second quarter 2025 results.

The live, listen-only audio of the call will be available through a link on the Events and Presentations page of CommScope’s Investor Relations website.

The webcast replay will be archived on CommScope’s website for a limited time following the conference call.

Advisors

Evercore is acting as financial advisor to CommScope. Alston & Bird LLP are acting as legal advisors to CommScope.

—END—

CommScope and the CommScope logo are registered trademarks of CommScope and/or its affiliates in the U.S. and other countries. For additional trademark information see https://www.commscope.com/trademarks. All other product names, trademarks and registered trademarks are property of their respective owners.

About CommScope 
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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News Media Contact
Kris Belisle, CommScope
Kris.Belisle@commscope.com 

Financial Contact
Massimo DiSabato, CommScope
Massimo.disabato@commscope.com

Carlyle
Brittany Bensaull
+1 (212) 813-4839
brittany.bensaull@carlyle.com
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Carlyle Group
Carlyle Group
Washington, DC, United States
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Global Investment Solutions. With $441 billion of assets under management as of December 31, 2024, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,300 people in 29 offices across four continents.
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