Airspan Announces Agreement to Acquire Corning's Wireless Business
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Airspan Networks Holdings LLC has announced an agreement to acquire Corning Incorporated's wireless business, including its distributed antenna systems and small cell radio access networks. The deal is subject to regulatory approval and is expected to close in Q1 2025.
February 20, 2025 | 5:30 pm
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Corning Incorporated is selling its wireless business to Airspan Networks. This divestiture includes Corning's distributed antenna systems and small cell radio access networks. The transaction is pending regulatory approval and is expected to close in Q1 2025.
The sale of Corning's wireless business could streamline its operations and allow it to focus on core areas. However, the impact on stock price is uncertain until the deal closes and the market evaluates the strategic benefits.
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