Airspan Announces Agreement to Acquire Corning's Wireless Business
1. Airspan to acquire GLW's wireless business, including DAS and small cell tech. 2. Deal pending regulatory approval, scheduled to close Q1 2025, affecting GLW strategy.
FAQ
Why Neutral?
Divesting a wireless unit could streamline GLW’s core focus but also reduce a growth segment. Historical divestitures in tech often see muted immediate price changes as strategic repositioning takes time to reflect.
How important is it?
The deal directly alters GLW’s wireless portfolio and revenue potential, influencing long-term strategic direction and investor expectations.
Why Long Term?
The transaction will reshape GLW’s business mix over time, as seen in similar past industry moves where repositioning impacts emerged gradually.