International. CommScope officially announced the closing of the transaction through which Vantiva acquired the Home Networks business unit.
Both companies had announced the formalization of the definitive agreement for the sale in question in October last year.
Now, CommScope has expressed peace of mind about the impact the sale may have on its revised annual EBITDA. The company also indicated that it will provide additional information on the impact of the transaction on its outlook for the 2024 financial year during the next quarterly earnings call.
Impact of the sale
The integration of the Home Networks unit strengthens Vantiva's position in the global home television and broadband network market.
Through a broad portfolio of devices, software, and services, this business creates experiences with rich interactions, while enhancing its customers' digital connections.
In addition, Home Networks works in areas such as innovation and sustainability to deliver efficient and safe solutions to the market it serves.
