Advertisement to Purchase ADC Cable Assets

Tue, 07/31/2001 - 8:00pm
Staff will purchase certain assets of ADC Telecommunications' cable product portfolio for $32 million and the assumption of certain liabilities. The assets being purchased include those from ADC's Broadband Communications division, located in Meriden, Conn.; Buenos Aires, Argentina; and Klagenfurt, Austria. The transaction should be completed by the end of this month.

Upon completion of the purchase, the assets will become part of's Telecommunications Equipment Group. John Caezza, VP/GM of ADC's Broadband Communications Division, will become VP/GM of's Telecommunications Equipment Group.

The ADC Broadband Communications Division provides digital video transport and HFC transport products to deliver analog and integrated digital services to cable, telco and broadcast customers.


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