ANTEC and TSX Corp. announce definitive agreement.

ROLLING MEADOWS, Ill.--(BUSINESS WIRE)--Oct. 28, 1996--ANTEC Corp. (NASDQ:ANTC) and TSX Corp. (NASDAQ:TSXX) today announced that they have executed a definitive agreement whereby ANTEC Corp. will merge with TSX Corp.

Under the terms of the transaction, TSX Corp. shareholders will receive 1.00 share of ANTEC Corp. stock for each share of TSX Corp. stock that they own.

As previously announced, it is contemplated that the transaction will be tax-free for TSX Corp. shareholders and will be accounted for as a pooling of interests. Both companies' boards of directors have approved the transaction and, subject to shareholder approval and satisfaction of other conditions, the transaction should be effective early in 1997.

TeleCommunications Inc. (NASDAQ:TCOMA) which owns approximately 40% of TSX Corp.'s outstanding shares and Anixter International Inc. (NASDAQ:AXE), which owns approximately 31% of ANTEC Corp. outstanding shares, have agreed that, subject to certain conditions, they will vote their shares in favor of the merger.

``TSX Corp. will provide ANTEC with new products that extend ANTEC's capabilities to deliver all of the products and services that information service providers need to build and operate broadband communications systems," said John Egan, ANTEC's president and CEO.

"In addition, this combination with TSX Corp. will provide expanded access to international markets and TSX's state of-the-art manufacturing facilities in Juarez, Mexico, will greatly enhance ANTEC's existing electronic product design and manufacturing activities. In a similar manner, ANTEC's strong presence in both domestic and international markets will provide additional sales opportunities for TSX products."

"Our products and market position are very complementary to ANTEC's product and service offerings," said William Lambert, TSX Corp. president and CEO. "We believe that this combination will make ANTEC the leader in high-quality, low-cost products for the broadband transport industry."

ANTEC Corp. (http://www.antec.com) is an international communication technology company headquartered in Rolling Meadows, IL with major offices in Atlanta and Denver. ANTEC specializes in the design and engineering of hybrid fiber/coax (HFC) architectures used in today's broadband networks and the engineering, manufacturing, product development and distribution of products for these networks.

With headquarters in El Paso, Texas, TSX Corp. (http://www.tsx.com), through its Texscan subsidiary, is a leading manufacturer of CATV fiber optic and RF distribution electronics and electronic advertising insertion equipment. The forward looking statements in this report are subject to a number of factors that may cause actual results to differ materially.

Such factors include acceptance of product under cancelable orders, performance of new products, ability to deliver new products in a timely and profitable manner, developments and competition in customers' markets, general economic conditions, availability and cost of capital, other demands and opportunities for capital (such as acquisitions), regulatory developments, and other factors more fully described in their companies' reports to the Securities and Exchange Commission, including their reports on Form 10K.

CONTACT: ANTEC Corp.

James A. Bauer, Sr VP, 847/439-4444

or

TSX Corp.

Harold C. Tamburro, CFO, 915-543-4815