ADTRAN confirmed that it has received notice from the Committee on Foreign Investment in the United States (CFIUS) stating that the pending business combination with ADVA is not a “covered transaction” subject to CFIUS’ jurisdiction. Accordingly, ADTRAN and ADVA have met the requirement under the Business Combination Agreement related to CFIUS notification.
Cooperative proceedings continue with the foreign direct investment authorities in Germany and the UK.
ADTRAN + ADVA merger targets fiber broadband opportunities
ADTRAN and ADVA announced a merger focused on end-to-end fiber networking solutions for communications service provider, enterprise and government customers. The deal combines ADTRAN’s market presence in fiber access, fiber extension and subscriber connectivity solutions with ADVA’s position in metro wavelength division multiplexing, data center interconnect, business ethernet and network synchronization solutions. The new company, which will…
