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Avaya Completes Sale of Connectivity Solutions Business toCommScope

02-02-2004

Avaya said it has completed the sale of essentially all of its Connectivity Solutions (ACS) business, to CommScope, a leader in the design and manufacture of high-performance broadband communication cables.

Avaya Inc. (NYSE: AV), a leading global provider of communications solutions and services for businesses, today said it has completed the sale of essentially all of its Connectivity Solutions (ACS) business, to CommScope, Inc. (NYSE: CTV), a leader in the design and manufacture of high-performance broadband communication cables. The sale of certain remaining international operations will be completed later this year. The agreement was announced October 27, 2003.

The total purchase price consists of $250 million in cash, subject to post-closing adjustments, and approximately 1.8 million shares of CommScope common stock. The total purchase price for the ACS business was adjusted to reflect a higher cash payment, fewer shares of CommScope common stock and a lower level of assumed liabilities by CommScope than previously announced. At the time that the agreement between CommScope and Avaya was announced on October 27, 2003, the shares were valued at $22.9 million, and at the close of business on January 30, 2004 they were valued at $32.8 million. In addition, CommScope will assume up to $65 million of specified liabilities, primarily related to employee benefits.

Approximately 2000 people work for Connectivity Solutions primarily in manufacturing facilities in Omaha, Nebraska, Bray, Ireland and Brisbane, Australia. The business has administrative offices in Richardson, Texas.

About Avaya
Avaya Inc. designs, builds and manages communications networks for more than 1 million businesses worldwide, including 90 percent of the FORTUNE 500®. Focused on businesses large to small, Avaya is a world leader in secure and reliable Internet Protocol (IP) telephony systems and communications software applications and services.

Driving the convergence of voice and data communications with business applications - and distinguished by comprehensive worldwide services - Avaya helps customers leverage existing and new networks to achieve superior business results. For more information visit the Avaya Web site: http://www.avaya.com

About CommScope
CommScope is the world's largest manufacturer of broadband coaxial cable for Hybrid Fiber Coaxial (HFC) applications and a leading supplier of high-performance fiber optic and twisted pair cables for LAN, wireless and other communications applications. Through its relationship with OFS, CommScope has an ownership interest in one of the world's largest producers of optical fiber and cable and has access to a broad array of connectivity components as well as technologically advanced optical fibers, including the zero water peak optical fibers used in the production of the LightScope ZWP and LaserCore® families of cable products. Visit CommScope at its Web site: www.commscope.com.

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