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Broadcasting & Cable
Broadcasting & Cable
Business
Daniel Frankel

CommScope Reports 38% Q4 Revenue Drop ... But No Buyers to Ease Its Arduous $9 Billion Debt Load

CommScope
CommScope.

After conceding in November that CommScope could be headed for bankruptcy, the top executives for leading telecom technology vendor CommScope didn't have a cheery update for investors during their Q4 earnings call Thursday. 

Revenue slid 38.4% in the fourth quarter to $1.186 billion, while full-year sales were down 23.1% to $5.789 billion. (CommScope's earnings release can be found here.)

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