Amphenol nears $10-billion deal to buy CommScope's broadband connectivity and cable unit: Report
Amphenol
is nearing a deal to buy communication network infrastructure provider
CommScope Holding
's connectivity and cable unit, in a deal valued at roughly $10 billion including debt, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
The transaction could be completed as soon as Monday, assuming no last-minute snags, the newspaper reported.
In May, Bloomberg News reported that North Carolina-based
CommScope
was exploring a sale of its
broadband connectivity
and cable solutions division, its largest unit by sales and operating income.
CommScope's wireless network provides infrastructure for
mobile networks
, while its antenna systems unit provides services for cellular infrastructure inside venues, campuses and enterprises.
Connecticut-based Amphenol struck a deal last year to buy CommScope's outdoor wireless network and its distributed antenna systems businesses for $2.1 billion in cash.
Reuters could not immediately verify the report. Amphenol and CommScope Holding did not immediately respond to Reuters' request for comment.
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