CommScope adding jobs, equipment to Catawba County plants - Triad Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Implementation will make or break new digital skills plan
Despite the critical importance it holds, the development of a nationwide, well-coordinated long-term digital plan is a rarity in many countries, especially in Africa. In Ethiopia, this is no longer the case following the Ethiopian Ministry of Science and Higher Education’s launch of the Digital Skills Country Action Plan 2030 for higher education and technical and vocational education and training (TVET) institutions.
This new development follows on the national Digital Ethiopia 2025 strategy that seeks to align digital transformation with the country’s desire to create ‘decent’ and productive jobs, promote growth that could address poverty and harness the competitive advantages that new digital technologies can offer in economic growth and development.
CommScope announced Thursday it will spin off its Home Networks business, one move among others in the works that are designed to reduce operating costs throughout the company.
The move follows a recent wave of speculation that CommScope was preparing to make a big move centered on a struggling unit that makes set-tops and other types of consumer premises equipment (CPE). Among the possibilities included a sale, the formation of a joint venture or a transaction that would get the unit off the books. The third of those options is the one CommScope plans to take forward.
The coming transaction is intended to be executed through a tax-free spin-off to CommScope shareholders to form a new and independent publicly traded company that will pursue its own strategies along with focused R&D and sales teams. CommScope also expects the move to provide the Home Networks unit with greater opportunities to access capital.