American cable producer Amphenol (NYSE: APH) has agreed to buy telco provider CommScope Holding’s (NASDAQ: COMM) Connectivity and Cable Solutions segment for $10.5 billion in cash. CommScope expects the sale to close in the first half of 2026.
CommScope plans to retire all debt, redeem Carlyle Group’s preferred equity, and then issue a special dividend 60–90 days after closing. 
The sale extends CommScope’s deleveraging drive. In July 2024, it agreed to sell its mobile-networks operations to Amphenol for $2.1 billion. Five months later, it refinanced $4.3 billion of debt with lenders led by Apollo Global Management and Monarch Alternative Capital.
CommScope shares jumped 40% in pre-market trade, while Amphenol added 2%.
Amphenol designs fiber-optic connectors, antennas and specialty cables for data-center customers. Revenue hit a record $15.2 billion in 2024 and $16.8 billion for the 12 months to March 2025, buoyed by AI-driven demand for faster networks.  
The Connecticut group’s buying spree continues. Last year, it closed the $2.1 billion purchase of CommScope’s mobile assets and a $2 billion deal for Carlisle Interconnect Technologies. The broadband division now in play generated about $2.8 billion in 2024 sales, making today’s agreement Amphenol’s largest yet.
CommScope, headquartered in North Carolina, logged $4.21 billion in 2024 net sales but a $461 million GAAP loss, underscoring the need to shed assets and strengthen its balance sheet. 
The transaction still requires shareholder approval and customary regulatory clearances.
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