CommScope had been selected as the highest and best bidder to acquire Casa’s Cable Business assets.
CommScope entered the winning bid of $45,100,000 to purchase the Cable assets under the Bankruptcy Code.
Chuck Treadway, CEO, CommScope said the acquisition would enhance its virtual CMTS and PON product offerings:
“Adding Casa’s technology to our portfolio will allow us to provide a seamless transition for our combined customer base that utilise both integrated and virtual CMTS products. This transaction provides stability to Casa’s customers while allowing CommScope to further grow our customer base as we enable customers to migrate to Distributed Access Architecture solutions on their own timeline.”
Casa had previously also entered into a “stalking-horse” asset purchase agreement to sell its cable to Vecima Networks.
Casa Systems had earlier reached agreement to sell its 5G Mobile Core and RAN businesses, which include its Axyom Cloud Native 5G Core Software & RAN Assets, to Lumine Group.
