Project Description

CommScope Spin-off (Home Networks) Notes

Update April 15, 2021

 

  • The Spin-off will be consided the “bad” business. In the last quarter, revenue declined by 31% and adjusted EBITDA declined by 44%. Home Networks provides set top boxes for customers that want to watch cable. Given cord cutting, this is a business in secular decline.

  • The RemainCo will keep the better businesses that are growing as shown below.