Commscope Hldg Co Inc - COMM STOCK NEWS

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.

CommScope (NASDAQ: COMM) has announced a definitive agreement to sell its Outdoor Wireless Networks (OWN) segment and Distributed Antenna Systems (DAS) business unit to Amphenol (NYSE: APH) for approximately $2.1 billion in cash. The transaction is expected to close within the first half of 2025, subject to regulatory approvals and customary closing conditions.

CEO Chuck Treadway stated that this move allows CommScope to increase focus on its CommScope NEXT priorities with its remaining segments and business units. The OWN segment provides wireless infrastructure for mobile networks, while the DAS business offers cellular infrastructure solutions for venues, campuses, and enterprises.

CommScope Holding Company, Inc. (COMM), a global leader in network connectivity, has announced it will release its second quarter 2024 financial results on Thursday, August 8, before the market opens. The company will host a conference call at 8:30 a.m. Eastern on the same day to discuss the results. Investors can access the live, listen-only audio of the call through a link on the Events and Presentations page of CommScope's Investor Relations website. A webcast replay will be available on the company's website for a time after the conference call.

CommScope (NASDAQ: COMM) has launched Software Release 13 for its E6000 Converged Edge Router (CER).

This update enables operators to efficiently progress towards 10G networks while utilizing existing equipment.

Key features include support for next-gen cable modems, DAA Remote PHY, D3.1Enhanced channel bonding, Low Latency DOCSIS, and enhanced IPTV operation.

Software Release 13 aims to extend the life of current E6000 deployments, offering significant return on investment by enabling new services, increasing speeds, and maintaining competitive edge.

Lab tests are underway, with field trials expected in 2024. Future releases are planned to further enhance E6000 CER capabilities.

CommScope is committed to ongoing innovation to support the evolving needs of cable networks.

CommScope (NASDAQ: COMM) has been selected by Casa Systems as the highest bidder to acquire Casa’s Cable Business assets for $45.1 million. The sale is expected to be finalized on June 6, 2024, following a sale hearing on June 4, 2024. This strategic acquisition aims to enhance CommScope’s position in the Access Network Solutions market, particularly in virtual CMTS and PON products. The deal is anticipated to yield significant synergies, providing a seamless transition for customers of both companies and enabling CommScope to expand its customer base.