July 24 (Reuters) - Electronic equipment maker Amphenol ( APH )

forecast third-quarter revenue below market estimates on

Wednesday, as customers across broadband and industrial markets

scale back on spending in the face of high borrowing costs.

Shares of the Wallingford, Connecticut-based company fell

4.2% in early trading.

Amphenol ( APH ) makes equipment such as interconnect systems,

sensors and antennas that are used in automobile, industrial and

defense sectors.

Network operators and wireless equipment manufacturers,

which are some of the biggest customers of Amphenol ( APH ), are cutting

back on communication equipment orders after a surge in demand

in the past two years to upgrade to 5G networks.

With the acquisition of Carlisle Interconnect Technologies

and its recent plan to buy outdoor wireless network and antenna

systems business from CommScope ( COMM ) for $2.1 billion,

Amphenol ( APH ) has been on an acquisition spree to broaden its

existing portfolio.

Automakers have also cut production targets, resulting in

weak demand for equipment including antennas, engine management

systems and sensing systems used in the industrial market.

Amphenol ( APH ) forecast third-quarter revenue in the range of

$3.70 billion to $3.80 billion, the mid-point of which is below

analysts' expectations of $3.71 billion, according to LSEG data.

It posted revenue of $3.61 billion for the three months

ended June 30, compared with an estimate of $3.4 billion,

according to LSEG data.

On an adjusted basis, Amphenol ( APH ) expects profit in the range

of 43 cents to 45 cents, the mid-point of which is in line with

analysts' estimates.

Amphenol's ( APH ) board approved a 50% rise in quarterly dividend

to 16 cents from 11 cents, which will be paid on Oct. 9.