Amphenol (APH) is not just a name in Vistance Networks’ (VISN) relationship map. It appears across four buckets: supplier, partner, investee and the counterparty in a major business sale. That makes Amphenol the clearest thread running through the filing, even before the customer list enters the room.
The manufacturing relationship is still active under the companies’ master services agreement. Vistance says it continues to make and supply products connected to the business Amphenol acquired.
"Under the Amphenol MSA, the Company continues to manufacture and supply certain products to the divested business."
Vistance Networks (VISN), Form 10-Q, April 30, 2026.
In plain English, Vistance is still doing work under the Amphenol agreement for the divested operation. The filing does not turn that sentence into a forecast. It simply leaves Amphenol sitting on the supply side of the map after the sale.
The same filing also identifies income from a transition services agreement with Amphenol. Vistance says costs tied to its former OWN segment and DAS business were moved into its remaining segments, with some offset from that agreement.
"Beginning in the first quarter of 2025, the corporate and other costs related to the OWN segment and DAS business unit have been reallocated to our remaining segments and partially offset by income from our transition service agreement with Amphenol…"
Vistance Networks (VISN), Form 10-Q, April 30, 2026.
That gives Amphenol another role: not just the buyer of the divested businesses, but also the source of transition-service income disclosed by Vistance. The transaction itself appears in the cash-flow discussion.
"henol in the current year period compared to $2,034.5 million of net proceeds related to the sale of the OWN segment and DAS business unit to Amphenol in the prior year period."
Vistance Networks (VISN), Form 10-Q, April 30, 2026.
The excerpt is mangled at the start in the supplied filing text, but the substance is clear: Vistance compares current-period proceeds related to Amphenol with $2,034.5 million from the prior-year sale. Amphenol is therefore both a continuing commercial counterparty and the buyer named in the divestiture history.
The ownership map has a different heavyweight. Funds affiliated with Carlyle Partners VII S1 Holdings, L.P., affiliated with The Carlyle Group (CG), owned all of Vistance’s Series A convertible preferred stock as of September 30, 2025.
"As of September 30, 2025 , funds affiliated with Carlyle Partners VII S1 Holdings, L.P. (Carlyle) owned 100 % of the Company’s Series A convertible preferred stock (the Convertible Preferred Stock), which was sold to Carlyle to fund a portion of the…"
Vistance Networks (VISN), Form 10-Q, October 30, 2025.
That is a disclosed capital relationship, not a description of ordinary common-stock ownership. The filing specifically points to Carlyle’s 100% ownership of the preferred stock.
On the sales side, Comcast (CMCSA) and TD SYNNEX (SNX) are the two direct customers Vistance singles out. Its filing says no other direct customer reached 10% of net sales in the first quarter of 2026 or 2025, while a separate disclosure puts TD Synnex at 12% in the first quarter of 2025.
"Other than Comcast and TD Synnex, no direct customer accounted for 10 % or more of the Company’s net sales during the three months ended March 31, 2026 or 2025."
Vistance Networks (VISN), Form 10-Q, April 30, 2026.
"Net sales to TD Synnex Corporation (TD Synnex) accounted for 12 % of the Company’s total net sales during the three months ended March 31, 2025."
Vistance Networks (VISN), Form 10-Q, April 30, 2026.
The distribution list extends beyond those two names. Vistance also identifies Optimum Communications (OPTU) among its major customers and distributors. Flex (FLEX) appears as a manufacturing and distribution partner, while Cisco Systems (CSCO), Extreme Networks (EXTR), Hewlett Packard Enterprise (HPE), Ubiquiti (UI) and Harmonic (HLIT) appear in Vistance’s named competitor set.
"Major competitors by segment include the following: RUCKUS segment – Cisco Systems, Inc., Extreme Networks, Inc., Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., and Ubiquiti Inc.; and Aurora segment – ATX Networks Corp., Harmonic…"
Vistance Networks (VISN), Form 10-K, February 26, 2026.
NETGEAR (NTGR) returns the favor in its own filing, naming Vistance as a competitor. The result is a map with one unusually crowded corner: Amphenol appears around production, services, the divestiture and the investment history, while Comcast and TD Synnex dominate the explicitly quantified customer disclosures.
These are relationships disclosed in SEC filings, mapped by jodie’s analytics. This is not investment advice.