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Airspan Completes Acquisition of Corning's Wireless Business

1. Airspan has acquired Corning's wireless business assets, impacting GLW. 2. This acquisition strengthens Airspan's position in the 5G market.

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FAQ

Why Bearish?

The sale of Corning's wireless division may reduce future revenue streams for GLW.

How important is it?

The acquisition directly affects GLW’s wireless segment and could impede its competitiveness in 5G.

Why Short Term?

Immediate effects on GLW's market perception and financial outlook expected after acquisition announcement.

Related Companies

AIRPNOKERICTELQCOM
BOCA RATON, Fla.--(BUSINESS WIRE)-- #5G--Airspan Networks Holdings LLC ("Airspan"), a leading global provider of wireless network solutions, today announced the successful completion of its acquisition of Corning Incorporated's (NYSE:GLW) wireless business. With the acquisition now finalized, Airspan assumes full ownership and operational control of Corning's wireless assets, including its 6000 and 6200 distributed antenna systems (DAS) and its SpiderCloud 4G and 5G small cell radio access network (R.

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