CommScope Holding Firm, Inc. (COMM) Explores Potential Sale of Broadband Unit CCS
CommScope Holding Firm, Inc. (NASDAQ:COMM) is contemplating promoting its broadband connectivity and cable division, CCS, in response to sources aware of the matter, because the community infrastructure firm appears to be like to scale back its debt by divesting property.
The corporate is working with an advisor to evaluate potential purchaser curiosity in CCS, the sources stated, talking anonymously because of the confidential nature of the discussions. CommScope Holding Firm, Inc. (NASDAQ:COMM) goals to lift as much as $10 billion from the sale and has approached personal fairness companies in addition to trade gamers.
CCS offers high-speed broadband options for web suppliers serving properties, companies, and different clients, in response to its web site. It additionally presents connectivity merchandise for knowledge facilities and community infrastructure, which is an space experiencing progress as a result of rising AI demand.
Some insiders talked about that CommScope Holding Firm, Inc. (NASDAQ:COMM) can be exploring different choices, together with the potential of promoting the whole firm. CCS represents the corporate’s largest phase when it comes to gross sales and working revenue, as mirrored in current filings.
These discussions are nonetheless within the early levels, and there’s no certainty they may result in a deal, the sources added. A CommScope spokesperson from Claremont, North Carolina, declined to remark.
After battling rising debt for years, CommScope Holding Firm, Inc. (NASDAQ:COMM) has been working to scale back its leverage by refinancing and asset gross sales.
Final yr, the corporate agreed to promote its cellular networks enterprise to Amphenol Corp. for $2.1 billion in money, utilizing the proceeds to pay down debt. In December, CommScope additionally reached an settlement to refinance $4.3 billion in debt with collectors led by Apollo World Administration Inc. and Monarch Different Capital.
COMM has surged by over 10% because the begin of 2025.
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