News

Latest News

Stocks in Play

Dividend Stocks

Breakout Stocks

Tech Insider

Forex Daily Briefing

US Markets

Stocks To Watch

The Week Ahead

SECTOR NEWS

Commodites

Commodity News

Metals & Mining News

Crude Oil News

Crypto News

M & A News

Newswires

OTC Company News

TSX Company News

Earnings Announcements

Dividend Announcements

CommScope Flat on AFL Hookup

CommScope (NASDAQ: COMM) shares were unchanged Wednesday. The company, a global leader in network connectivity, announced today that it has licensed fiber optic solution leader AFL to manufacture CommScope Prodigy® universal fiber-to-the-home (FTTH) hardened connectivity solutions.

Together, AFL and CommScope are addressing the growing needs of global FTTH installations, including business-as-usual and government-subsidized projects. The Prodigy line of connectivity solutions leverages revolutionary convertor technology that allows it to provide seamless, backwards compatibility with historical hardened connectivity solutions as well as enhanced density when deployed as a complete system.

“We’re proud to partner with CommScope to bring its proven Prodigy solutions to our own customers and more broadly to FTTH deployments around the world,” stated Marc Bolick, President of Product Solutions at AFL. “As a leader in fiber optic solutions, we recognize the clear advantage in interoperability and ease-of-use that Prodigy offers, and we’re looking forward to providing these licensed solutions to our customers in support of tomorrow’s fiber networks.”

“We designed Prodigy solutions to be the foundation for the next generation of FTTH hardened connectivity, and our new licensing agreement with AFL supports that global initiative with a reliable second source to speed adoption,” stated Koen ter Linde, SVP and president, Connectivity & Cable Solutions, CommScope.

“Prodigy solutions are universal, sustainable, and optimized for rural installations where both space and skilled labor resources are limited. Together with AFL, we’re making these advantages more widely available to support tomorrow’s FTTH deployments and ensure broadband for everyone.”

COMM shares took on 1.5 cents to $5.70.