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CommScope

#5768

Rank

$846.75M

Marketcap

US United States

Country

CommScope
Leadership team

Mr. Charles L. Treadway (Pres, CEO & Director)

Mr. Kyle D. Lorentzen (Exec. VP & CFO)

Mr. Justin C. Choi (Sr. VP, Chief Legal Officer & Sec.)

Products/ Services
Broadcasting, Hardware, Software
Number of Employees
20,000 - 50,000
Headquarters
Hickory, North Carolina, United States
Established
1976
Company Registration
SEC CIK number: 0001517228
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
COMM
Social Media
Overview
Location
Summary
CommScope Holding Company, Inc. provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market. The OWN segment provides base station antennas, radio frequency filters, tower connectivity, microwave antennas, metro cell products, cabinets, steel towers, accessories, Spectrum Access System, and Comsearch products to the macro and metro cell markets. The VCN segment offers Wi-Fi and switching, distributed antenna systems, licensed and unlicensed small cells, enterprise fiber, and copper infrastructures for campuses, venues, data centers, and buildings. The Home segment provides devices and related software, and management solutions that offer residential connectivity and services to subscribers, such as digital subscriber lines, cable modems, and telephony and data gateways; and set top boxes and software that support cable, satellite, and Internet protocol television content delivery, which include digital video recorders, high definition set top boxes, and hybrid set top devices. It offers its products and services through specialized resellers and distributors, satellite video distributors, and system integrators, as well as directly to customers in the United States, Europe, the Middle East, Africa, the Asia Pacific, the Caribbean, Latin America, and Canada. The company was formerly known as Cedar I Holding Company, Inc. and changed its name to CommScope Holding Company, Inc. in January 2011. CommScope Holding Company, Inc. was founded in 1976 and is headquartered in Hickory, North Carolina.
History

CommScope was originally a product line of Superior Continental Cable, which was founded in 1953 in Hickory, North Carolina. In 1961, Superior created a division called Comm/Scope, which developed CATV systems and sold a coaxial cable named CommScope. In 1967, Superior was acquired by Continental Telephone Company, with CommScope becoming a division of Continental. In 1975, Frank Drendel headed a team charged with selling the product line. Drendel and Jearld Leonhardt founded CommScope in August 1976 after raising $5.1 million to purchase the CommScope product line. Two years later, CommScope and Valtech merged under the Valtech name. In 1979 Valtech donated fiber optics line and equipment to link the U.S. House of Representatives to the C-SPAN studios, enabling live broadcasting of U.S. Congressional proceedings for the first time.In the 1980s, Valtech sold to M/A-COM. and CommScope became part of the Cable Home Group for M/A-COM. In 1983, CommScope formed the Network Cable division for the local area network, data communications, television-receive only, and specialized wire markets. In 1986 M/A-COM, sold the Cable Home Group to General Instrument Corporation, and CommScope became a division of General Instrument.In 1997, General Instrument split into three independent, publicly traded companies, with its cable operation spun off as CommScope. At the time, CommScope had annual revenues of $560 million and was the largest provider of coaxial cable to cable TV operators.In 2000, CommScope opened its new global headquarters in Hickory, North Carolina. In 2004, CommScope acquired Avaya's Connectivity Solutions cabling unit and inherited the SYSTIMAX brand, a company perhaps best known for its enterprise cabling systems. Avaya's Carrier Solutions, which offered products designed for switching and transmission applications in telephone central offices and secure environmental enclosures, also became part of CommScope. This acquisition doubled CommScope's size. In 2007, CommScope acquired the global wireless infrastructure provider Andrew Corporation, which would help CommScope meet demand from mobile phone companies.In 2008, CommScope was chosen to provide the Dallas Cowboys with the connectivity for their new stadium starting with the 2009 NFL season, using over 5 million feet of copper and fiber-optic cabling.In 2011, The Carlyle Group acquired CommScope. This acquisition made CommScope privately owned by The Carlyle Group and removed it from the New York Stock Exchange. Eddie Edwards was appointed president and chief executive officer, succeeding Frank Drendel, who had served as CommScope's CEO since the company's founding in 1976. Drendel continued as the chairman of the board.On October 25, 2013, CommScope had its initial public offering on the NASDAQ, being listed as COMM.In February 2016, it was announced that the Daytona International Speedway had a new wiring infrastructure from CommScope. In June 2016, CommScope was signed by the Carolina Panthers to upgrade the wireless and wired communications at the team's Bank of America Stadium.In November 2016, the Carlyle Group announced the sale of its remaining shares of CommScope.In 2019, for the Hong Kong-Zhuhai-Macao Bridge, a 55 kilometer bridge-tunnel system, CommScope supplied over 110 multiband antennas supporting 2G, 3G, and 4G network bands.On April 4, 2019, CommScope completed the acquisition of Arris International, a telecommunications equipment manufacturing company and owner of Ruckus Networks. Both Arris and Ruckus were made brands of CommScope.On October 1, 2020, CommScope announced that Charles Treadway would succeed Eddie Edwards as the company's new president and CEO. The company also announced that Bud Watts would replace Frank Drendel as chairman, with Drendel being named chairman emeritus.In October 2020, CommScope acquired the patent portfolio for virtual radio access networks from Phluido, a company specializing in RAN virtualization and disaggregation. On March 2, 2021, CommScope appointed company veteran Praveen Jonnala as chief information officer . Jonnala replaced Karen Renner, CommScope's senior vice president and CIO, who left the company in November. Jonnala was previously global vice president of digital transformation and business solutions. On April 8, 2021, CommScope announced its plan to spin-off its home networks business.

Mission
In our ‘always on’ world, we believe it’s essential to have a genuine connection with the work you do. Our high integrity culture motivates employees to bring their authentic, best self to work, and unites them around a shared purpose. We value the role diversity and collaboration play in bringing forth new ideas and generating better solutions.
Vision
When you meet us, you’ll learn quickly that every employee at CommScope is unique, but there are four very important things that we all have in common — our core values.
Key Team

Ms. Robyn T. Mingle (Sr. VP & Chief HR Officer)

Ms. Laurie S. Oracion (Sr. VP & Chief Accounting Officer)

Mr. Praveen Jonnala (Sr. VP & Chief Information Officer)

Mr. Kevin J. Powers (VP of Investor Relations)

Mr. John R. Johnsen (Sr. VP and Pres of Connectivity & Cable Solutions)

Mr. Boris Kokotovic (Sr. VP of Quality)

Mr. Gonzaga J. Chow (Sr. VP & Pres of Home Networks)

Recognition and Awards
CommScope is the recipient of numerous industry awards including the IEEE Masaru Ibuka Award, the IEEE Corporate Innovation Recognition Award, the IEEE Eric Sumner Medal, and the IEEE Corporate Award for Innovation.
References

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CommScope
Leadership team

Mr. Charles L. Treadway (Pres, CEO & Director)

Mr. Kyle D. Lorentzen (Exec. VP & CFO)

Mr. Justin C. Choi (Sr. VP, Chief Legal Officer & Sec.)

Products/ Services
Broadcasting, Hardware, Software
Number of Employees
20,000 - 50,000
Headquarters
Hickory, North Carolina, United States
Established
1976
Company Registration
SEC CIK number: 0001517228
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
COMM
Social Media