Overview
- The Justice Department’s Antitrust Division filed a civil suit in U.S. District Court for the District of Columbia today and proposed a consent decree to resolve its competitive concerns.
- Keysight and Spirent together control roughly 85% of the high-speed ethernet testing market, more than 60% of network security testing and over 50% of RF channel emulation.
- The required divestiture covers Spirent units that account for about 40% of its total revenue and includes all tangible and intangible assets needed to produce and sell these products.
- Viavi Solutions is expected to hire key Spirent employees supporting the divested operations as it acquires the three business lines.
- As mandated by the Tunney Act, the consent decree and the Department’s competitive impact statement will be published in the Federal Register for a 60-day public comment period.