Amphenol Corporation is reportedly in the final stages of acquiring CommScope Holding’s broadband connectivity and cable business in a landmark deal valued at approximately $10.5 billion, including debt. According to The Wall Street Journal, the agreement could be finalized as soon as Monday, marking Amphenol’s largest acquisition to date.
This move follows Amphenol’s February 2025 purchase of CommScope’s mobile networks divisions for $2.1 billion, which included assets like Outdoor Wireless Networks and Distributed Antenna Systems. The new acquisition will further solidify Amphenol’s position in the broadband and telecommunications infrastructure sector, as demand for high-speed connectivity surges in the wake of artificial intelligence adoption and 5G/6G expansion.
Strategic Significance
By absorbing CommScope’s broadband operations, Amphenol gains a significant foothold in fixed-line and fiber infrastructure — areas essential to supporting data-heavy technologies and future-ready networks. The deal aligns with Amphenol’s ongoing strategy of growing through acquisitions and diversifying its portfolio beyond traditional connectors and electronics.
Amphenol’s revenue climbed to $15.2 billion in 2024, a 13% increase year-over-year. Its Q4 2024 performance was especially strong, with $4.3 billion in sales, reflecting 20% organic growth from the previous year — a clear sign of robust demand in its markets.
Financial and Market Context
The $10.5 billion deal is expected to be financed through a mix of cash and debt — a structure similar to that used in previous acquisitions. Amphenol’s solid balance sheet and consistent profitability make it well-positioned to absorb the new assets without destabilizing its financial health.
For CommScope, the sale represents another step in its effort to delever and streamline its operations. With a debt burden of $9.3 billion, CommScope has been actively divesting mobile-focused assets to focus on its core fixed-line connectivity business.
Sector-Wide Implications
The deal comes amid an industry-wide scramble to scale infrastructure for AI, IoT, and next-generation wireless services. With tech and telecom giants investing heavily in fiber rollouts and data centers, suppliers like Amphenol are racing to secure upstream capabilities.
If completed, this acquisition will not only reshape Amphenol’s business but could also ripple across the telecom hardware ecosystem, setting off further M&A activity in an already consolidating space.
