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.
CommScope plans to spin off its Home Networks unit into an independent publicly traded company by Q1 2022, but that plan is not necessary set in stone. The board is certainly open to any alternatives that might emerge along that journey to the extent that it creates more value than the contemplated path, Alex Pease, CommScope s EVP and CFO, said today on a call with reporters and analysts.
The piece of the business to be spun-off by CommScope includes broadband and video CPE for service providers, along with a retail business that hawks modems, gateways and home networking gear.
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The W-band is expected to add more spectrum for high-capacity wireless transport. (Ericsson)
In a joint field trial involving Ericsson, Greek operator Cosmote and Deutsche Telekom’s Mobile Backhaul Service Center, engineers determined that frequency bands beyond 100 GHz, such as W-band, are just as good for wireless backhaul as the E-band, which is 70/80 GHz.
The trial at Cosmote headquarters in Athens, Greece, used pre-commercial equipment to demonstrate a W-band (92-114 GHz) wireless hop over a 1.5 km range. The hop was installed parallel with a 1.5 km E-band hop to show that the W-band has a similar performance to E-band. Speeds of 5.7 Gbps were recorded over the 1.5 km distance, topping 10 Gbps over 1 km hops.
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