CommScope Selected as Highest and Best Bid in Auction to Acquire Cable Business Assets of Casa Systems
The Sale is expected to be completed on
A purchase agreement was entered into on
The strategic accretive acquisition strengthens CommScope’s Access Network Solutions leading market position, including enhancing its virtual CMTS and PON product offerings. The economics of the deal are supported by significant synergies. “As a leader in the cable industry, we are quite pleased by the opportunity to acquire Casa’s cloud-native network solutions,” stated
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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:
View source version on businesswire.com: https://www.businesswire.com/news/home/20240530840745/en/
News Media Contact:
Luke.Hamer@commscope.com
Financial Contact:
Massimo.Disabato@commscope.com
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