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Wednesday, April 7, 2010 as of 11:14 AM ET

CommScope

CommScope Inc. is a multinational telecommunications company based in Hickory, North Carolina, United States, since its founding in 1976. CommScope is a 1997 spin-off of General Instruments, and now has over 15,000 employees worldwide, with customers in over 130 countries.

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Get updates on CommScope
Insight Comm explores sale, again: sources

By Nadia Damouni and Kenneth LiNEW YORK (Reuters) - Insight Communications Co, controlled by The Carlyle Group, has put itself up for auction, seeking a deal valuing the U.

S. cable operator at up to $4 billion, people close to the deal told Reuters.Insight, the tenth largest cable operator in the United States according to Carlyle's website, has hired Bank of America Merrill Lynch and UBS AG to run the process after a competitive series of banker meetings in February.Insight is seeking a deal that could value it at $3.5 billion to $4 billion, when the auction kicks off over the next month, the sources said. The company carried $1.8 billion in long-term debt on its balance sheet at the end of December 2010."We have been the subject of those rumors since I can remember," an Insight spokeswoman said. "Our goal is to stay focused on building our company and proving all of its products, as well as its customer service."Media and communications companies are hoping the slew of deals -- on th...

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Source: CommScope on Freebase, licensed under CC-BY
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