09:34 AM EDT, 07/18/2024 (MT Newswires) -- Amphenol ( APH ) said Thursday it signed a definitive agreement to acquire the mobile networks businesses of CommScope ( COMM ) for $2.1 billion in cash, subject to customary post-closing adjustments.

The deal includes the purchase of CommScope's ( COMM ) Outdoor Wireless Networks segment and Distributed Antenna Systems business, Amphenol ( APH ) said.

Amphenol ( APH ) and CommScope ( COMM ) shares were up 2.8% and 23% in early trading.

Price: 66.00, Change: +1.78, Percent Change: +2.77