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Airspan Announces Agreement to Acquire Corning's Wireless Business

1. Airspan to acquire GLW’s wireless operations including DAS and 5G small cell systems. 2. Deal pending regulatory approval; expected Q1 2025 may reshape GLW’s portfolio.

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FAQ

Why Neutral?

The divestiture of its wireless business is a strategic repositioning for GLW. Historically, such spin‐offs lead to minimal immediate price change unless the business unit was a major profit driver.

How important is it?

The deal signals a major portfolio reshape for GLW by shedding its wireless division, though its impact depends on how core the business was to overall performance.

Why Long Term?

The transaction completes in Q1 2025, affecting GLW’s revenue mix and strategic focus over time, similar to prior divestitures in tech sectors.

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ERICNOK
BOCA RATON, Fla.--(BUSINESS WIRE)-- #5G--Airspan Networks Holdings LLC ("Airspan"), a leading global provider of wireless network solutions, today announced that it has entered into a definitive agreement to acquire the wireless business of Corning Incorporated (NYSE:GLW). The transaction is subject to regulatory approval and is expected to close in Q1 2025. Corning's wireless business includes its 6000 and 6200 distributed antenna systems (DAS) and its SpiderCloud 4G and 5G small cell radio access n.

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