Will COMM's Portfolio Optimization Strategy Drive Long-Term Growth?

Key Takeaways CommScope sold its CCS segment to Amphenol for $10.5B and rebranded as Vistance Networks.COMM expects the deal to retire all debt and pay excess cash via a dividend of at least $10 per share.COMM will focus on Ruckus for WiFi and cloud platforms and Aurora Networks for broadband growth. CommScope Holding Company, Inc. (COMM) has completed the divestiture of its Connectivity and Cable Solutions (CCS) segment. Amphenol Corporation has acquired the CCS segment for $10.5 billion. Following the div ...