Amphenol to Buy CommScope’s Broadband Unit for $10.5 Billion

CommScope Holding Co. reached a deal to sell its broadband and cable equipment arm to Amphenol Corp. for about $10.5 billion in cash, the second such deal it’s done with Amphenol as part of a series of divestitures aimed at paying off debt.

CommScope anticipates net proceeds of about $10 billion after taxes and expenses, and the deal is expected to close in the first half of 2026, it said in a statement Monday. The shares surged 74% to $13.54 in New York. Amphenol shares rose 3.1%