CommScope Announces Increase in U.S. Fiber Optic Cable Production to Accelerate Rollout of Broadband to Underserved Communities
Expanded capacity adds manufacturing jobs and increases American supply chain production
CommScope’s expansion of
- Increase fiber-optic cable output, hastening the deployment of broadband to underserved communities; The HeliARC™ lines are expected to support 500,000 homes per year in fiber-to-the-home (FTTH) deployments.
- Increase employment opportunities with the addition of at least 250 jobs over the next five years, 90% of which will not require a college degree.
Bolster supply chain production in
the United Statesin support of the White House’s initiative to have the supply chain for America begin in America.
- Introduce a new HeliARC fiber optic cable, specifically designed for the needs of rural deployments.
$47 millionCapEx in the U.S.toward expanding fiber optic cable production focused on rural applications.
“We are in the business of connectivity. We strive to provide superior solutions to our customers who, in turn, provide connectivity for businesses, individuals and communities. This increase in fiber-optic cable production is a great step forward for our ‘Broadband for Everyone’ program, furthering our commitment to serve the fiber optic cable market,” stated
“Thanks to President Biden’s Bipartisan Infrastructure Law, we’re going to connect everyone in America to affordable, reliable high-speed Internet. But our Internet for All initiative is not just a connectivity program – it's an opportunity to create jobs and expand domestic manufacturing,” said
"From telemedicine and remote work to education and small businesses, access to high-speed internet is essential in today’s digital age,” said
Broadband access allows households to engage in necessary activities such as telehealth appointments, education as well as employment opportunities. It also provides access to the digital economy, allowing everyone to engage in everyday undertakings such as paying bills online or ordering groceries. Currently, one out of five
HeliARC is a smaller and lighter-weight cable allowing for faster installation and lower cost of deployment. Its reduced size and weight also lowers shipping costs, permitting more product to move in one shipment, thereby making it a more sustainable and environmentally friendly product.
The announcement was made today at an event with the Honorable Secretary
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.
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