CommScope (COMM) is exploring a sale of its broadband connectivity and cable arm as it seeks to repay debt, David Carnevali, Ryan Gould and Reshmi Basu of Bloomberg report, citing people with knowledge of the matter. The company is working with an adviser to gauge buyer interest in the business, known as CCS, sources told Bloomberg. CommScope is looking to fetch as much as $10B for CCS and has reached out to private equity firms and industry players, the people added. CommScope is also evaluating alternatives including a potential sale of the whole company, some of the people said. The deliberations are in the early stages and there’s no guarantee they’ll result in a transaction, the sources added. Shares of CommScope are up 7% to $5.85 following the report.
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