Amphenol in $10.5 billion deal for CommScope’s connectivity, cable unit

Fiber-optic cable maker Amphenol said on Monday it will buy CommScope’s connectivity and cable solutions business for $10.5 billion, broadening its broadband portfolio and network infrastructure.

Shares of CommScope surged 42% in premarket trading, while Amphenol rose about 2%.

The all-cash transaction is aimed at diversifying Amphenol’s industrial interconnect products, particularly in the building infrastructure connectivity market.