CommScope completes divestiture of home networks business to Vantiva

CommScope Completes Divestiture of Home Networks Business to Vantiva

CLAREMONT, N.C. — CommScope (NASDAQ: COMM), a global leader in network connectivity, announced today the closing of the transaction to sell its Home Networks Business to Vantiva (Euronext Paris: VANTI.)

The Company previously announced the signing of a definitive agreement for the transaction on October 3, 2023.

The Company expects the impact of the divestiture to be immaterial to its adjusted EBITDA on a full-year basis. The Company will provide additional information about the transaction’s impact on its fiscal year 2024 outlook during the next quarterly earnings call.