VANTIVA takes over CommScope Home Network Division
CommScopes Home Network will be sold to Vantiva by January 1st, 2024.
CommScope announced today it plans to sell its Home Networks Business to Vantiva (formerly known as Technicolor). CommScope first announced it intended to separate its Home Networks Business in April 2021 as part of its portfolio optimization. After assessing various strategic alternatives for the Home Networks business, CommScope determined that Vantiva is the best partner for this business. The transaction is expected to be completed in Q4 2023.
Under the terms of the transaction, CommScope will receive:
A 25% stake in Vantiva at the time of closing.
An earnout of up to $100 million, contingent upon Vantiva achieving EBITDA equal to or exceeding €400M in a given year over a 5-year period and meeting certain other thresholds.
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