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Airspan Completes Acquisition of Corning's Wireless Business

1. Airspan acquires Corning's wireless business, impacting GLW's asset portfolio. 2. The acquisition includes key 4G and 5G technologies, which may shift GLW's strategy.

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FAQ

Why Bearish?

The divestiture of Corning’s wireless business reduces its market presence in the growing 5G segment. Historically, such asset sales can lead to declines in stock valuation, reflecting diminished growth prospects.

How important is it?

The acquisition directly concerns GLW's wireless division, indicating a significant shift in its operational focus and capabilities, which could impact investor sentiment and pricing.

Why Long Term?

The long-term effects of this acquisition may affect GLW's strategic positioning in wireless technologies, potentially impacting future revenues and market competitiveness.

Related Companies

AIRSPAN
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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