Avaya agreed to sell its Connectivity Solutions business to CommScope for approximately $263 million. Avaya’s Connectivity Solutions group provides structured cabling for businesses and telecommunications service providers. Its products include SYSTIMAX structured cabling solutions for enterprises, ExchangeMAX structured cable and apparatus for telecommunications service providers and integrated cabinet solutions. Structured cabling connects voice, data and video equipment in office buildings and in telephone central offices. Integrated cabinets house cable terminations, wiring and connection devices for voice, data and wireless equipment. Avaya said Connectivity Solutions had fiscal 2003 sales of approximately $542 million and operating income of approximately $3 million. The group has about 2,000 employees primarily in manufacturing facilities in Omaha, Nebraska, Bray, Ireland and Brisbane, Australia. The business has administrative offices in Richardson, Texas. As part of the deal, CommScope will assume Connectivity Solutions’ leases and purchase its facilities, as well as up to $75 million of certain specified liabilities primarily related to employee matters.
CommScope provides broadband coaxial cable for Hybrid Fiber Coaxial (HFC) applications, as well as fiber optic and twisted pair cables for LAN, wireless and other communications networks.
http://www.commscope.com
http://www.avaya.com
