US-based Viavi to buy UK's Spirent Communications for $1.28 billion-July 2024-www.financetom.com

US-based Viavi to buy UK's Spirent Communications for $1.28 billion

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US-based Viavi to buy UK's Spirent Communications for $1.28 billion

Mar 4, 2024 11:26 PM

March 5 (Reuters) - U.S.-based communications equipment

firm Viavi Solutions Inc ( VIAV ) has agreed to buy British

telecommunications testing firm Spirent Communications ( SPNUF )

in a deal valued at about 1.01 billion pounds ($1.28 billion),

the firms said on Tuesday.

Spirent shareholders will get 175 pence per share.

($1 = 0.7886 pounds)

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