CommScope, cable's cable provider, seen heading private

CommScope (NYSE: CTV), for years has positioned itself as the cable in cable TV, could be a private company soon if a deal with The Carlyle Group goes down as planned. The North Carolina firm, which creates both fiber optics and coaxial cable, is expected to be swallowed whole for about $3 billion or $31.50 per share.

While speculation about the deal was rampant and, in some quarters, seen as a fait accompli, CommScope itself took a more cautious approach, noting in a company statement that "no agreement has been reached and there can be no assurance that any transaction will result from these discussions."

CommScope and its CEO/Chairman Frank Drendel are well known within the cable space; The Carlyle Group is a relative newcomer. According to the investment firm's Web page, "Carlyle focuses on sectors in which it has demonstrated expertise: aerospace & defense, automotive & transportation, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, real estate, technology & business services and telecommunications & media." CommScope fits in there somewhere, obviously.

For more:
- see this story

Related articles:
CommScope buys Andrew for $2.6B
New Dallas Cowboys stadium an IPTV showcase

Suggested Articles

Comcast is increasing X1 cloud DVR storage hours 60 to 150, more than doubling the capacity.

Evolution Digital is launching a cloud-based service for operators that have deployed its Android TV-based eSTREAM 4K set-top boxes.

Comcast, Charter and ViacomCBS today announced that they will all take equal ownership of Blockgraph.