Commscope Hldg Co Inc - COMM STOCK NEWS

CommScope has partnered with the City of Wyandotte, Michigan, to enhance digital connectivity for nearly 25,000 residents. The initiative aims to deliver high-capacity internet of up to 10Gbps to approximately 13,000 homes and over 700 commercial buildings. This project involves a full conversion to fiber-to-the-home (FTTH) technology and the management of various contractors. CommScope will provide critical services such as construction management and network integration, ultimately driving economic growth and improved quality of life in Wyandotte.

CommScope Holding Company (NASDAQ: COMM) announced its participation in the Bank of America Leveraged Finance Virtual Conference, scheduled for November 30, 2020. The Chief Financial Officer, Alex Pease, along with other executives, will hold individual meetings with attendees throughout the day. A live webcast will be accessible on CommScope's Investor Relations page, and a recording will be available for on-demand viewing shortly thereafter.

CommScope has launched the ARRIS SURFboard S33 DOCSIS 3.1 multi-Gigabit cable modem, designed to enhance home networking performance. This modem supports a total throughput of up to 3.5 Gbps, accommodating advanced applications like video conferencing and online gaming. Priced at $179.99 MSRP, the S33 is available through retailers such as Best Buy and SURFboard.com. The modem features an easy setup process, is certified for all major US service providers, and includes a two-year warranty.

CommScope has partnered with RDK Management to implement the User Services Platform (USP) Agent for the RDK community. This integration enhances existing TR-069 deployments as they transition to USP, improving management for broadband service providers. CommScope's ECO solution, vital for managing millions of devices, has been updated to support USP, allowing remote management of connected homes via standardized protocols. This move is viewed positively by industry leaders like Vodafone, emphasizing its importance in managing contemporary connected home devices.

CommScope and Nokia have collaborated to introduce a new interleaved passive-active antenna (IPAA) radio platform to enhance 5G deployment. This innovative modular design allows operators to upgrade existing sites without extra space, facilitating faster rollout of 5G services amid rising demand. The IPAA features two customizable modules: a passive module covering 700 MHz to 2.7 GHz and a passive-active module with TDD beamforming for 5G n78 (3.4-3.8 GHz). This solution addresses site permitting challenges and provides upgrade paths, potentially lowering operational costs for telecom operators.

CommScope Holding Company has appointed John "Jack" Carlson as Chief Commercial Officer, effective November 16. Carlson will oversee the company's global sales and marketing efforts and drive growth strategies. His extensive experience includes leadership roles at Sullair and Southwire Company, highlighting a strong background in industrial manufacturing and sales. President and CEO Chuck Treadway emphasized the importance of advanced network infrastructure and Carlson's role in optimizing the go-to-market strategy to enhance top-line growth.

CommScope Holding Company (NASDAQ: COMM) reported Q3 2020 results with net sales of $2.17 billion, an 8.9% decline year-over-year. The company posted a GAAP net loss of $116.3 million, improving from a loss of $156.5 million in Q3 2019. Non-GAAP adjusted EBITDA was $341.9 million, down 7.5% year-over-year. Key segments showed varied performance: Broadband Networks grew by 18.1% while Home Networks fell by 31.8%. Despite challenges, the management remains focused on strategic investments and cost-cutting measures to enhance profitability and shareholder value.

CommScope has partnered with StackPath to expand its cloud capacity across twelve global sites, enhancing their edge-computing platform. CommScope's Professional Services team will upgrade StackPath's data centers by installing new equipment and managing logistics, with initial projects set for completion in Q4 2020 and further growth planned into 2021. This collaboration aims to meet the rising global demand for cloud services, demonstrating CommScope's expertise in large-scale data center deployments.

CommScope partners with Converge ICT to enhance internet connectivity in the Philippines, targeting unserved and underserved communities. This collaboration aims to strengthen the national infrastructure amidst rising demands for connectivity due to remote work and e-commerce growth. Converge ICT plans to leverage CommScope’s expertise in network design and deployment for extensive rural and urban coverage, contributing to the Digital Philippines initiative. The deployment will utilize CommScope’s innovative fiber products to accelerate installation and improve broadband accessibility.