CommScope Holding Company, Inc. - COMM STOCK NEWS

CommScope (NASDAQ: COMM) has unveiled its new RUCKUS Pro AV portfolio, a suite of wired and wireless networking solutions designed for high-end residential and commercial AV installations. The portfolio includes:

1. AV-enhanced Wi-Fi 6 and 7 access points
2. AV-enhanced ICX switches with smart AV Profiles
3. Cloud-based remote management services for AV MSPs

These solutions offer out-of-the-box support for leading AV standards and protocols such as NDI, DANTE, QSYS, AES65, Crestron, and SONOS. The RUCKUS Pro AV portfolio aims to address the industry's shift to IP-based technologies and provide partners with opportunities to improve efficiency and revenue in delivering next-generation AV systems.

CommScope (NASDAQ: COMM) and Nokia have unveiled an AI-driven Wi-Fi and fiber connectivity solution for seamless in-building and campus-wide connectivity. This integrated solution combines RUCKUS Networks' AI-driven Wi-Fi with Nokia's high-capacity optical fiber network, targeting diverse industry verticals such as multi-dwelling units, hospitality, large public venues, and education.

The collaboration aims to deliver superior scalability, bandwidth, reliability, and energy efficiency, potentially reducing total cost of ownership. The solution supports bandwidth-intensive applications like AR/VR/XR, 4K video streaming, and IoT devices. It offers up to 40% energy cost reduction and 50% TCO reduction, making it an attractive option for various service providers and integrators.

CommScope (NASDAQ: COMM) has unveiled the new HX6-611-6WH/B antenna, expanding its ValuLine® HX antenna line. This dual-band (6/11 GHz), dual-polarized antenna is designed to enhance microwave backhaul networks by improving capacity and reducing installation and operational costs. The four-in-one solution can replace up to four standard microwave antennas, allowing mobile network operators to quickly add backhaul capacity without additional antennas or mounting structures.

Key features include improved performance with dual-frequency/dual-polarization, FCC Category A and ETSI 302 217 compliance, high-gain performance, and excellent XPD characteristics. The antenna supports both 6 GHz and 11 GHz bands, ensuring reliable long-haul connectivity and providing backup for critical links. It also offers reduced costs and faster ramp-up time by lowering tower leasing, modification, installation, freight, and energy costs.

CommScope (NASDAQ: COMM) announced its participation in NCTC's The Independent Show 2024, showcasing solutions to optimize, modernize, and monetize network assets for independent service providers. Key highlights include:

1. D3.1 Enhanced (D3.1E) functionality, enabling up to 8 Gbps downstream speeds without major upgrades.

2. A modular IP video solution for streamlined video delivery and bandwidth optimization.

3. Enhanced product portfolio featuring Casa Systems' vCCAP virtual CMTS and QAM video solution.

CommScope aims to help providers improve network quality and efficiency without substantial investments in upgrades or new construction.

CommScope (NASDAQ: COMM) has announced its first major sale of the recently acquired Casa Systems® virtual CMTS and QAM video solution to Kábelszatnet, a leading Hungarian cable service provider. The sale includes CommScope's Distributed Access Architecture (DAA) Remote PHY (R-PHY) shelves and DC2180 DAA Cabinet Nodes. This vCMTS solution will be important for Kábelszatnet's DAA deployment, enabling more efficient DOCSIS® signal generation and network service introduction. The solution runs on commercial, off-the-shelf servers, offering significant energy and cost savings. Kábelszatnet will deploy the solution to a nationally accessible hub and select network areas, complementing their existing E6000® Controlled Edge Routers. This sale, occurring just seven weeks after CommScope's acquisition of Casa Systems' cable assets, demonstrates rapid integration and market readiness.

CommScope reported its Q2 2024 results with consolidated net sales of $1.39 billion, down 12.7% year-over-year. Core net sales decreased 17% to $1.05 billion. The company reported GAAP income from continuing operations of $74.8 million, or $0.27 per share, compared to a loss in Q2 2023. Non-GAAP adjusted EBITDA increased 19.5% to $302.1 million.

The Connectivity and Cable Solutions (CCS) segment showed strength, while Access Network Solutions (ANS) and NICS segments experienced weakness. CommScope has entered an agreement to sell its Outdoor Wireless Networks segment and DAS business unit for approximately $2.1 billion in cash. The company's full-year Core adjusted EBITDA guidance is $700 to $800 million.

CommScope (NASDAQ: COMM) has announced the general availability of its STARLINE 1.8 GHz Extended Spectrum DOCSIS (ESD) amplifiers. The BLE 180 Line Extender and MB180 MiniBridger amplifiers offer a simple and economical solution for introducing ESD to DOCSIS 3.1 networks and a clear path to DOCSIS 4.0. These amplifiers support ultra high-split operation of up to 1794 MHz downstream and 684 MHz upstream, maximizing network reliability and data rates.

Key features include plug-in upgradable 1.2 GHz operation, upgradability to 1.8 GHz operation, smart app setup, and pluggable frequency split filters. The amplifiers allow MSOs to optimize DOCSIS 3.1 network performance while future-proofing their infrastructure, deferring immediate DOCSIS 4.0 upgrade costs.

CommScope (NASDAQ: COMM) has released preliminary results for Q2 2024, reporting consolidated net sales of $1.39 billion and core net sales of $1.05 billion. The company expects GAAP income from continuing operations of $75 million and consolidated non-GAAP adjusted EBITDA of $302 million. CommScope saw stronger-than-expected performance in its Connectivity and Cable Solutions (CCS) and Outdoor Wireless Networks (OWN) segments, offset by weaker sales in NICS and Access Network Solutions (ANS).

The company recently announced a definitive agreement to sell its OWN segment and DAS business unit to Amphenol for $2.1 billion, expected to close in H1 2025. CommScope plans to engage with lenders and bondholders in Q3 to discuss options for deleveraging its balance sheet and addressing upcoming maturities.

Amphenol (NYSE: APH) has announced a definitive agreement to acquire CommScope's mobile networks businesses for $2.1 billion in cash. The acquisition includes CommScope's Outdoor Wireless Networks (OWN) segment and Distributed Antenna Systems (DAS) business. These businesses are expected to generate approximately $1.2 billion in sales with 25% EBITDA margins in 2024. The deal is anticipated to be accretive to Amphenol's Diluted EPS in the first full year after closing, excluding acquisition-related costs.

The acquisition will add advanced antenna and associated interconnect products, technologies, and capabilities to Amphenol's portfolio, complementing its existing offerings for next-generation wireless networks. The deal is expected to close in the first half of 2025, subject to regulatory approvals and closing conditions. Amphenol plans to finance the acquisition through a combination of cash on hand and debt.