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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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DATE OF REPORT: JANUARY 4, 1999
DATE OF EARLIEST EVENT REPORTED: JANUARY 4, 1999
COMMSCOPE, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 1-12929 36-4135495
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification Number)
incorporation or
organization)
1375 LENOIR RHYNE BOULEVARD
HICKORY, NORTH CAROLINA 28601
(Address of principal executive offices)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (828) 324-2200
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Item 5. Other Events.
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On January 4, 1999, the registrant issued the press release filed as
Exhibit 99.1 hereto.
Item 7. Financial Statements and Exhibits.
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Exhibit Description
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99.1 Press Release issued January 4, 1999
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on behalf of the
undersigned hereunto duly authorized.
Dated: January 4, 1999
COMMSCOPE, INC.
By:/s/Jearld L. Leonhardt
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Jearld L. Leonhardt
Executive Vice President
Finance and Administration
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EXHIBIT INDEX
Exhibit Description
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99.1 Press Release issued January 1, 1999
EXHIBIT 99.1
FOR IMMEDIATE RELEASE CONTACT: PHIL ARMSTRONG
- --------------------- COMMSCOPE
(828) 323-4848
COMMSCOPE COMPLETES ACQUISITION OF ALCATEL'S COAXIAL
CABLE BUSINESS;
ACQUISITION ESTABLISHES EUROPEAN BASE OF OPERATIONS, STRENGTHENS GLOBAL
OPPORTUNITIES
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HICKORY, NC -- (JANUARY 4, 1999) - CommScope (NYSE: CTV) announced today
that it has completed the acquisition of Alcatel's coaxial cable business
in Seneffe, Belgium effective January 1, 1999. With this acquisition,
CommScope gains a European base of operations, access to established
distribution channels and complementary coaxial cable technologies.
"This acquisition is a natural strategic fit," said Frank M. Drendel,
Chairman and CEO of CommScope. "It strengthens our position as the
worldwide leader in coaxial cable, enables us to strategically expand in
key markets and improves our ability to provide superior customer service.
We believe that customers in Europe and around the world will benefit from
our combined technologies, manufacturing expertise and scale.
"We're excited about this acquisition because we believe international
markets offer outstanding long-term opportunities. The proposed AT&T/TCI
merger reaffirms our view that Hybrid Fiber Coaxial (HFC) networks will be
a leading worldwide architecture for video, voice and high-speed Internet
access.
"We enthusiastically welcome the Seneffe employees as they are expected to
play a key role in strengthening our worldwide delivery capability and
extending our portfolio of broadband cable products.
"We're also pleased to enhance our ongoing supply partnership with Alcatel.
CommScope is expected to supply Alcatel with its future worldwide
requirements of CATV coaxial cable for several years," Drendel added.
The acquisition, announced in October 1998, is for Alcatel's coaxial cable
business located in Seneffe, Belgium. It is the largest CATV coaxial cable
manufacturer in Europe with annual sales of approximately $35 million.
CommScope is the world's largest manufacturer of coaxial cable and is a
leading supplier of high-performance telecommunications cable for LAN and
other applications.
Statements in this press release which are other than historical facts are
intended to be "forward-looking statements" within the meaning of the
Securities Exchange Act of 1934, the Private Securities Litigation Reform
Act of 1995 and other related laws, and include, but are not limited to,
those statements relating to CommScope's relative market position, effects
of establishing European operations and supply partnerships with Alcatel.
While CommScope believes such statements are reasonable, the actual results
and effects could differ materially from those currently anticipated.
Factors and risks that could cause such differences include, but are not
limited to the failure to operate the European facility successfully,
developments in technology, pricing and acceptance of CommScope's products,
changes in raw material costs, industry competition, international economic
conditions, cable television industry capital spending, the proposed
AT&T/TCI merger and other factors. The cautionary statements contained in
CommScope's Form 10-Q for the quarter ended September 30, 1998 are
incorporated herein by reference.
Visit CommScope at our Web Site--www.commscope.com
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