Thread regarding Commscope Inc. layoffs

CommScope gains on report its exploring asset sales to pay down $9B in debt

CommScope Holding (NASDAQ:COMM) rose 8.4% amid a report it's evaluating divesting its Ruckus Wireless and its access network solutions businesses as it looks to cut its debt load.

The businesses combined could generate $4 billion, according to traders, who cited a Bloomberg report on Friday, which cited people familiar with the matter.

Fiber optic cable company CommScope has over $9 billion in long-term debt, with almost half due in 2025 and 2026, according to the report.

“Portfolio management is an ongoing process, and we have identified several opportunities to optimize our portfolio,” a representative for CommScope (COMM) said in a statement to Bloomberg.

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| 2741 views | | 9 replies (last October 2, 2023) | Reply
Post ID: @OP+1oQPeZZ0

9 replies (most recent on top)

This is all a part of the CommScope "X Matrix", whereby they create even more x-employees.

What a bunch of clowns.

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Post ID: @3xfh+1oQPeZZ0

They wanted to dump HN but nobody wants it. The Ruckus and network solution are dead meats, the question is, who is going to pay 4B to buy fail old-aged business, wishful thinking?! could help stock few days, same old problem still.

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Post ID: @3deb+1oQPeZZ0

Yes, previous poster, you pretty much summed it up accurately. These guys (and Mingle the Merciless) are a bunch of ego-driven losers who have made so many bad decisions and we are all paying for it. And now they’re bringing back retired exec buddies back into service to further bolster their echo chamber It would be funny to watch it all play out if it didn’t hurt employees and their families

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Post ID: @2eoe+1oQPeZZ0

So.... CommScope acquires ARRIS to get the Ruckus BU. CommScope destroys the SLT of ARRIS, and ARRIS' business culture because of CommScope's greed and avarice.

...and now..?

Whoops. We destroyed our own business in the process, AND NOW..? CommScope is going to try and dump the companies they acquired and destroyed.

I wish only the worst for this company that's being directed into the sla-ghterhouse by clueless mo--ns in spectacular corner offices.

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Post ID: @2wrx+1oQPeZZ0

I’m not surprised. Ruckus is the only BU in Commscope that still has some chance of finding a buyer.

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Post ID: @2bxe+1oQPeZZ0

Can someone explain this? Does these business units hold the most of debt so CS is selling to reduce total debt?

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Post ID: @1asm+1oQPeZZ0

Hahahaha, great comment. Probably will go just as well as the HN spin.

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Post ID: @1oux+1oQPeZZ0

Will they be divested as well as HN was divested?

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Post ID: @kqx+1oQPeZZ0

About damned time they decided on this.

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Post ID: @fiq+1oQPeZZ0

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