CommScope Completes Divestiture of Connectivity and Cable Solutions Segment and Rebrands Parent Company

fidelity
2026.01.12 13:00
portai
I'm PortAI, I can summarize articles.

CommScope has completed the sale of its Connectivity and Cable Solutions segment to Amphenol Corporation. The proceeds will be used to repay debt and redeem preferred equity, with excess cash expected to be distributed as a dividend of at least $10 per share within 60 to 90 days. CommScope will rebrand as Vistance Networks on January 14, 2026, with its Access Networks Solutions segment renamed Aurora Networks. Shares will trade as VISN on NASDAQ from the same date.