Network infrastructure company Commscope filed paperwork with the Securities and Exchange Commission for an initial public offering. Although no dates or proposed share prices have been proposed for an IPO, CommScope said it intends to use proceeds from an offering to redeem some of its 8.25% senior notes due in 2019 and pay related fees, as well as for general corporate purposes.
You can read the company’s S-1 form filed with the SEC here.
J.P. Morgan, Deutsche Bank Securities and BofA Merrill Lynch are the lead managers for the proposed IPO, with additional involvement from Barclays, Credit Suisse Securities (USA) L.L.C., Goldman Sachs & Co., Jefferies, Morgan Stanley, BBC Capital Markets and Wells Fargo Securities.
–After completing its acquisition of site monitoring and management company Kentrox in April, Westell Technologies earned $225 million for the quarter, citing “very strong sales” from the new acquisition.
Westell recorded a net loss for the quarter of $2.8 million, more than the $1.7 million loss in the previous year’s second quarter.
Kentrox accounted for $12 million in revenue for the quarter, while Westell’s continuing operations brought in $10.5 million — up 11% year-over-year, driven by distributed antenna systems and tower-mounted amplifier products, the company said.
–DAS vendor Mobilitie Inc. has been named the official DAS provider of the Honda Center in Anaheim, Calif. Mobilitie said it is in the process of installing a neutral-host, “4G” DAS system that will be complete by the start of the 2013 hockey season. The Honda Center is home to the Anaheim Ducks National Hockey League team.
–Also in DAS news, TE Connectivity said that its FlexWave Prism DAS was deployed to restore wireline and wireless telephone service on New York’s Fire Island in the wake of Hurricane Sandy, which destroyed the island’s wired telephone infrastructure.
The outdoor DAS system was deployed in four weeks and includes thirteen remote units, some with two simulcast antennas. It provides service in the AWS MIMO, 700 MHx upper C block MIMO, and 850/1900 MHz 2G and 3G frequency bands, according to TE Connectivity. Landline phones can be plugged into a wireless gateway and get a dial tone and regular telephone service, which the system also restores mobile users’ network access. The company said that the expandable system also has “room to grow to accommodate new mobile services in the future without forklift upgrades.”
