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.
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.