February 18, 2022 11.01 Europe/London By Julian Clover
CommScope has postponed plans to spin-off its Home Networks business after a poor performance by the division in the second half of 2021.
The company, which acquired the former Arris business, was hit by supply chain shortages and delays. In a statement, CommScope said it remained committed to the strategic separation of the business, but does not have an estimate as to when that might be completed.
Net sales in the Home Networks unit of $476.7 million, decreased 18.1% from 2020, primarily driven by declines in Broadband Connectivity Devices.
In the second quarter of 2021, management shifted a number of product lines from the Company’s Broadband Networks segment to its Home Networks segment to better align with how those businesses are being managed.
There are also plans to reorganise the business structure in 2022 to better match market needs and the offerings of its competitors.
Five new divisions have been created:
Filed Under: Editor's Choice, Finance, Newsline, Tech Tagged With: CommScope Edited: 21 February 2022 12:34
Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com.
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