CommScope swoops in to snag Casa Systems’ cable assets for $45.1 million

In a surprise turn of events, CommScope will pay $45.1 million to purchase the cable assets of Casa Systems. It had previously seemed that Vecima Networks would snag these assets from Casa's bankruptcy proceeding. But on May 29 CommScope entered the winning bid through a bankruptcy auction. A sale hearing is scheduled with the U.S. Bankruptcy Court for the District of Delaware, and the transaction is expected to close June 6. CommScope said the assets will strengthen its Access Network Solutions business, including enhancing its virtual cable modem termination system (CMTS) and passive optical network (PON) product offerings.