Vistance Networks Completes Divestiture of RUCKUS Networks Business to Belden Corporation

About this update from Vistance Networks, Inc.

RICHARDSON, Texas, July 01, 2026--(BUSINESS WIRE)--Vistance Networks (NASDAQ: VISN), a global provider of intelligent network solutions, announced today the closing of the transaction to sell its RUCKUS Networks business to Belden Corporation (NYSE: BDC). The Company previously announced the signing of a definitive agreement for the transaction on April 30, 2026. After paying taxes, fees and expenses associated with the transaction, the Company expects to receive net proceeds of approximately $1.75 billion. The Company expects to distribute a significant portion of the net proceeds to shareholders as a dividend within 60 days of transaction closing. The exact amount and timing of the distribution will be determined by the Board after taking into account all relevant factors. "We are pleased to complete the RUCKUS Networks transaction. It positions the RUCKUS business with a strong owner in Belden while allowing Vistance Networks to continue to return significant cash to our shareholders. Additionally, it allows us to focus on growing our Aurora Networks business during an exciting upgrade environment. With cash on hand and an unlevered balance sheet, we have substantial resources to invest and grow the Aurora Networks business. This will include evaluation of organic and inorganic investments," said Chuck Treadway, President and Chief Executive Officer. The Company will provide additional information about the transaction's impact on its fiscal year 2026 outlook during the next quarterly earnings call. Advisors Moelis & Company LLC is acting as financial advisor to Vistance Networks, Alston & Bird LLP are acting as legal advisors to Vistance Networks. —END— Vistance Networks, Aurora Networks and their logos are trademarks of Vistance Networks, Inc. and/or its affiliates in the U.S. and other countries. For additional trademark information see https://www.vistancenetworks.com/trademarks. All other product names, trademarks and registered trademarks are property of their respective owners. About Vistance Networks: Vistance Networks (NASDAQ: VISN) shapes the future of communications technology, pushing past what is possible. We deliver solutions that bring reliability and performance to a world always in motion. Our global team of innovators and employees are trusted advisors who listen to customers first, then deliver value. Discover more at www.vis...

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