Andrew Completes Sale of Satellite Communications Business to Resilience Capital Partners
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HICKORY, NC, January 31, 2008—Andrew Corporation, the CommScope, Inc. subsidiary that is a global leader in communications systems and products, has completed the sale of its Satellite Communications business to Resilience Capital Partners, a Cleveland, Ohio-based private equity firm. News Media Contact: The statements in this press release that use such words as "expect", "should", believe", "may", "intend" and similar expression are intended to identify forward looking statements. These forward looking statements are based on information currently available to management and management’s beliefs, as well as on a number of assumptions concerning future events. Forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause the actual results to differ materially from those currently expected, including the ability of ASC Signal to repay its notes when due and its ability to achieve the financial targets necessary for Andrew to earn additional cash payments. For a more detailed description of the factors that could cause such a difference, please see CommScope’s filings with the Securities and Exchange Commission. In providing forward-looking statements, the company does not intend, and is not undertaking any obligation or duty, to update these statements as a result of new information, future events or otherwise. |
CommScope, Inc. (NYSE: CTV – www.commscope.com) is a world leader in infrastructure solutions for communication networks. Through its Andrew Wireless Solutions® brand, it is a global leader in radio frequency subsystem solutions for wireless networks. Through its SYSTIMAX® Solutions™ and Uniprise® Solutions brands, CommScope is the global leader in structured cabling systems for business enterprise applications. It is also the premier manufacturer of coaxial cable for broadband cable television networks and one of the leading North American providers of environmentally secure cabinets for DSL and FTTN applications. Backed by strong research and development, CommScope combines technical expertise and proprietary technology with global manufacturing capability to provide customers with infrastructure solutions for evolving global communications networks in more than 130 countries around the world.
