CommScope’s CEO Attends White House Event on Broadband Access for All
June 26 2023 - 5:38PM
Business Wire
CommScope is committed to bringing affordable
reliable internet service to underserved communities
Chuck Treadway, CEO of CommScope (NASDAQ: COMM), attended a
White House event this morning to represent leaders in fiber-optic
cable manufacturing. At the event, President Biden and
Vice-President Harris announced the state allocations available as
a part of their “Internet for All” program. The funding, a
component of the Broadband Equity, Access, and Deployment (BEAD)
program, totals $42.5 billion in eligible grants through states,
Washington, D.C., U.S. territories and Puerto Rico, and can be used
to deploy or upgrade broadband networks.
“We are honored to be included in the White House announcement
today. Access to broadband is a necessity for new economic
opportunities, whether that be through jobs, education, telehealth
or simply staying connected,” noted Chuck Treadway, president and
CEO, CommScope. “Our goal to bring ‘Broadband for Everyone’ is one
of many reasons we innovate and make technology advancements like
our new HeliARC fiber-optic cable. Manufactured here in the U.S.,
this cable is ideal for rural deployment, making affordable
reliable high-speed internet access for all an attainable goal. We
are pleased to see the Administration make significant investments
to bring everyone online and are proud to manufacture the
fiber-optic cable and solutions to help our partners bring
connections to the underserved communities. We are also excited to
work with all the states and their partners to bring broadband and
digital equity to America.”
HeliARC™ fiber-optic cable is smaller and lighter-weight
allowing for faster installation and lower cost of deployment. Its
reduced size and weight permits more product to move in one
shipment, thereby lowering shipping costs and making it a more
sustainable and environmentally friendly product.
CommScope has the capacity, in its U.S. facilities, to
manufacture drop cable at rate of approximately 2 billion feet per
year. We will continue to evaluate other opportunities to meet the
needs of the BEAD program.
CommScope and the CommScope logo are registered
trademarks of CommScope and/or its affiliates in the U.S. and other
countries. For additional trademarks information see
https://www.commscope.com/trademarks. All product names, trademarks
and registered trademarks are property of their respective
owners.
About CommScope:
CommScope (NASDAQ: COMM) is pushing the boundaries of technology
to create the world’s most advanced wired and wireless networks.
Our global team of employees, innovators and technologists empower
customers to anticipate what’s next and invent what’s possible.
Discover more at www.commscope.com.
Follow us on Twitter and LinkedIn and like us on Facebook. Sign
up for our press releases and blog posts.
This press release includes forward-looking statements that are
based on information currently available to management,
management’s beliefs, as well as on a number of assumptions
concerning future events. Forward-looking statements are not a
guarantee of performance and are subject to a number of
uncertainties and other factors, which could cause the actual
results to differ materially from those currently expected. In
providing forward-looking statements, the company does not intend,
and is not undertaking any obligation or duty, to update these
statements as a result of new information, future events or
otherwise.
Source: CommScope
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230626178240/en/
News Media Contact: Luke Hamer
Luke.Hamer@commscope.com
Financial Contact: Massimo DiSabato, CommScope
+1-630-281-3413
CommScope (NASDAQ:COMM)
Historical Stock Chart
From Jun 2024 to Jul 2024
CommScope (NASDAQ:COMM)
Historical Stock Chart
From Jul 2023 to Jul 2024