CommScope to spin-off its Home Networks business.

CommScope, a provider of connectivity solutions for communications networks, is set to spin-off its Home Networks business into an independent publicly-traded company. "With today’s announcements, our CommScope NEXT strategy is well underway, and, as we move forward, growth, cost control and portfolio optimization will continue to be our priorities. We remain excited about CommScope’s potential, and with the core elements of our strategy intact, we are confident in our ability to deliver innovative solutions for network convergence for customers around the world," Chuck Treadway, CommScope President and CEO.