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General

CommScope writes down Arris goodwill as Q4 sales fall 19%

Thursday 20 February 2020 | 15:16 CET | News
CommScope reported a net loss of USD 450.5 million for the fourth quarter, after a goodwill impairment of USD 376 million on its acquisition of Arris. Revenues for the quarter were down 19.2 percent on a pro forma basis to USD 2.30 billion due to falling demand from cable operators. 

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Categories: General
Companies: Arris / CommScope
Countries: World
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