2023-03-29 16:20:39 ET
- CommScope ( NASDAQ: COMM ) says it's expanding fiber-optic cable production to help feed an accelerated rollout of broadband Internet in the United States.
- That comes in part due to expanding manufacturing at its two production facilities in North Carolina, including new lines of production for its HeliARC cable - a smaller and lighter-weight cable optimized for rural deployment and allowing for faster installation at lower cost.
- Alongside the increased output, the company expects to increase employment by at least 250 jobs in five years .
- It will mean $47M in capital expenditures in the U.S.
- "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,” said CEO/President Chuck Treadway.
- “We will produce more cost-effective and easier-to-deploy fiber-optic cable, add new jobs and simultaneously strengthen the supply chain in America," he added.
For further details see:
CommScope investing $47M to expand fiber-optic cable production