CommScope Holding Company, Inc. (COMM) Explores Potential Sale of Broadband Unit CCS
CommScope Holding Company, Inc. (NASDAQ:Cure) It takes into account the sale of its broadband and cable department, CCS, according to the sources familiar with the issue, as the network infrastructure company looks at its debt by distracting assets.
The company works with the consultant to assess the interest of the possible buyer on CCS, according to sources, speaking anonymous due to the secret nature of the discussions. CommScope Holding Company, Inc. (NASDAQ. COM) aims to increase up to $ 10 billion from sales and approach private share companies, as well as industry players.
According to him, the CCS provides high-speed broadband solutions for Internet suppliers, business, business and other customers. It also offers communication products for data centers and network infrastructure, which increases due to increasing AI demand.
Some signatory mentioned that the Holdup Holding Company, Inc. Comes, also studies other options, including the possibility of selling the whole company. CCS presents the largest part of the company in terms of sales and operating income, as reflected in the latest articles.
These discussions are in the early stages, and there is no certainty that they will lead to the transaction, added sources. From North Carolina Clarapon, the speaker of the North Carolina Republic refused to comment.
After years of fighting for years, the Holding company, Inc. (NASDAQ. COMM), works staff to reduce its levers through the sale of refinancing and assets.
Last year, the company agreed to sell its mobile network business to Amphenol Corp, $ 2.1 billion in cash, using the proceeds to repay the debt. In December, the factory also reached an agreement to refinance the debt of $ 4.3 billion with creditors with an Apollo Global Management Inc. and Monarch alternative capital.
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