CommScope, Inc. (NYSE: CTV), a world leader in the design and
manufacture of high-performance, broadband communication cables, today
announced that it has received a demand from Lucent Technologies Inc.
(NYSE: LU) for registration of up to 10.2 million shares of CommScope
common stock that Lucent currently owns.
The demand was made pursuant to a registration rights agreement between
Lucent and CommScope related to CommScope's investment in OFS
BrightWave, LLC. Effective November 16, 2001, CommScope acquired an
approximate 18.4% interest in OFS BrightWave, a company formed by
CommScope and The Furukawa Electric Co. Ltd. to acquire certain fiber
cable and transmission fiber assets of the Optical Fiber Solutions Group
of Lucent Technologies. CommScope issued these 10.2 million shares of
its common stock to Lucent for an aggregate amount of $203.4 million in
lieu of a portion of the cash purchase price payable by Furukawa to
Lucent in connection with this 2001 investment.
CommScope does not plan to sell any shares of common stock pursuant to
this proposed registration statement. CommScope expects the shares that
will be subject to this proposed registration statement will consist
only of shares owned by Lucent.
There can be no assurance that a registration statement will be filed,
or that if filed, that any such offering will be made or as to the
timing of any offering that is made. These securities may not be sold
nor may offers to buy be accepted prior to the time a registration
statement becomes effective. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
CommScope is the world's largest manufacturer of broadband coaxial cable
for Hybrid Fiber Coax (HFC) applications and a leading supplier of high-
performance fiber optic and twisted pair cables for LAN, wireless and
other communications applications.
This press release includes forward-looking statements that are based on
information currently available to management, management's beliefs, as
well as on a number of assumptions concerning future events.
Forward-looking statements are not a guarantee of performance and are
subject to a number of uncertainties and other factors, which could
cause the actual results to differ materially from those currently
expected. For a more detailed description of the factors that could
cause such a difference, please see CommScope's filings with the
Securities and Exchange Commission, including without limitation, our
Form 10-Q for the period ended June 30, 2002. In providing
forward-looking statements, the company does not intend, and is not
undertaking any obligation or duty, to update these statements as a
result of new information, future events or otherwise.
Visit CommScope at our web site - www.commscope.com