CommScope in Talks With Carlyle Group About $3 Billion Sale

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CommScope (CTV), a maker of telecommunications equipment, said that private-equity firm Carlyle Group is in talks to buy the company for about $3 billion.

If the deal goes through, Carlyle would acquire all of CommScope's outstanding stock for $31.50 a share in cash, Bloomberg News said. That would represent a premium of 36% over CommScope's closing price on Oct. 22.

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Telecommunications companies across the world are looking for new equipment as they replace traditional copper wires with fiber optic cable.

"The demand for fiber-optic cable is going to go through the roof in the next three to five years," said Will Draper, a telecommunications analyst at Execution Noble in London.

CommScope said no agreement has been reached and the talks may not result in a deal.

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