The company which purchased the Arris set-top box and modem business has reported a third quarter loss of $50.8 million.
CommScope’s reported third quarter net sales of $2.38 billion, up 106.9% on 2018’s comparative figures, and including sales of $1.34 billion from Arris, which it purchased in April 2019.
But sales in the revenue and cloud business where Arris now sits, fell by 29.3%, operators and consumers currently being content with the capacity available to them from the last wave of upgrades.
“The fundamental thing is the underlying bandwidth demand, which is continuing to grow at 30 to 50%, so as capacity gets consumed in the network we’ll see operators add licences which will return the network and cloud business to its more historical levels,” CommScope CFO Alex Pease told an analyst call.
With the exception of CPE, Pease said he anticipated stable to modest growth through 2020. He added that EBITDA should remain stable despite a flat or declining business.
