CommScope Announces Plans to Sell Home Networks Business to Vantiva - Seite 2

CommScope’s Home Networks is currently a global leader in connected home devices, software, and services; it provides reliable, secure, next-generation home networking solutions that are sustainably sourced to customers. With over 300 million connected home devices delivered worldwide, Home Networks leverages decades of experience and expertise to assist partners in providing innovation, value, and quality to accelerate the adoption of advanced home services. Vantiva is a global technology leader in designing, developing and supplying innovative products and solutions that connect consumers around the world to the content and services they love – whether at home, at work or in other smart spaces.

CommScope has granted Vantiva a binding call option to acquire the Home Networks business so as to permit Vantiva’s works council to be informed and consulted prior to the exercise of the option as is required in France. We expect Vantiva to exercise the call option upon completion of the consultation period.

The transaction is subject to the receipt of required regulatory approvals and approval by Vantiva shareholders.

Advisors

Evercore is acting as financial advisor to CommScope. Alston & Bird and De Pardieu Brocas Maffei are acting as legal advisors to CommScope.

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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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: CommScope

View source version on businesswire.com: https://www.businesswire.com/news/home/20231003026224/en/

The Commscope Holding Stock at the time of publication of the news with a raise of +3,05 % to 3,38EUR on Tradegate stock exchange (03. Oktober 2023, 13:10 Uhr).