CommScope Holding Company, Inc. (NASDAQ:COMM) is considering selling its broadband connectivity and cable division, CCS, according to sources familiar with the matter, as the network infrastructure company looks to reduce its debt by divesting assets.
The company is working with an advisor to assess potential buyer interest in CCS, the sources said, speaking anonymously due to the confidential nature of the discussions. CommScope Holding Company, Inc. (NASDAQ:COMM) aims to raise up to $10 billion from the sale and has approached private equity firms as well as industry players.
CCS provides high-speed broadband solutions for internet providers serving homes, businesses, and other customers, according to its website. It also offers connectivity products for data centers and network infrastructure, which is an area experiencing growth due to increasing AI demand.
Some insiders mentioned that CommScope Holding Company, Inc. (NASDAQ:COMM) is also exploring other options, including the possibility of selling the entire company. CCS represents the company’s largest segment in terms of sales and operating income, as reflected in recent filings.
These discussions are still in the early stages, and there’s no certainty they will lead to a deal, the sources added. A CommScope spokesperson from Claremont, North Carolina, declined to comment.
After struggling with rising debt for years, CommScope Holding Company, Inc. (NASDAQ:COMM) has been working to reduce its leverage through refinancing and asset sales.
Last year, the company agreed to sell its mobile networks business to Amphenol Corp. for $2.1 billion in cash, using the proceeds to pay down debt. In December, CommScope also reached an agreement to refinance $4.3 billion in debt with creditors led by Apollo Global Management Inc. and Monarch Alternative Capital.
COMM has surged by over 10% since the start of 2025.
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