CommScope planning $750M IPO

Telecommunications equipment vendor CommScope filed plans for an initial public offering worth up to $750 million. The company was taken private by Carlyle Group in 2011 for $3.9 billion. Carlyle had recently been rumored to be seeking banks to take CommScope public, according to Reuters. CommScope provides a vast array of telecommunications equipment, including distributed antenna systems (DAS), wireless backhaul support, metrocell concealment solutions and more. Lead underwriters for the offering are J.P. Morgan, Deutsche Bank, Merrill Lynch and Pierce, Fenner & Smith. For more, see this Reuters article

Suggested Articles

The U.S. Department of Defense announced seven new military sites selected for a second group of 5G testbeds.

Vertical Bridge's Bernard Borghei said the achievement marks the latest step in the tower company's ESG program.

AT&T is working with several equipment vendors to test new 5G equipment in the 37/39 GHz band prior to equipment certification.