Commscope consider the sale of broadband arm CCS

(Bloomberg) – Commscope Holding Co. investigate a sale of its broadband connection and cable arm, according to people with knowledge of the matter, as the network infrastructure firm downloads assets to repay debt. The company is working with an adviser to determine copper interest in the business, known as CCS, said the people who asked not to be identified are discussing confidential information. Commscope wants to reach as much as $ 10 billion for CCS and has reached out to private equity firms and operational players, people said. Commscope also evaluates alternatives, including a possible sale of the entire business, said some of the people, although the company’s existing debt tax of about $ 7.4 billion could make it an unlikely result. CCS is by far the largest division of the company according to sales and operating income, it seems. The deliberations are in the early stages and there is no guarantee that it will result in a transaction, people said. A representative for Claremont, North Carolina-based Commscope, declined to comment. Commscope, whose shares have been more than fourfold in the past year, jumped as much as 8.4% on Friday and reversed earlier losses in the session. The shares closed 3.8% to $ 5.70 in New York, giving the company a market value of about $ 1.2 billion. After years of struggling with balloon debt, commscope made use of refinancing and repellent. Last year, he agreed to his mobile networking businesses at Amphenol Corp. for $ 2.1 billion to sell cash, using the proceeds to repay debt. In December, Commscope reached an agreement to refinance $ 4.3 billion with creditors led by Apollo Global Management Inc. and Monarch Alternative Capital. CCS helps internet providers to deliver high velocity broadband to homes, businesses and other customers, according to the website. It also provides connectivity products for data centers and the infrastructure to connect to networks. Data centers are bleeding thanks to the question of the AI. The unit had a net sales of approximately $ 2.8 billion in 2024 and delivered about 67% of the net revenue of the company, according to the latest annual report. It also achieved $ 466 million in operating income, 251% higher than a year earlier. In 2018, Commscope agreed to buy Arris International PLC for about $ 7.4 billion, including debt. -With help from Maggie Eastland. (Updates with the closure of share price in the fifth paragraph.) More stories like these are available on Bloomberg.com © 2025 Bloomberg MP