CommScope said it will operate and report its financial performance in four segments –Venue and Campus Networks; Broadband Networks; Outdoor Wireless Networks and Home Networks — effective January 1, 2020.
The global network technology leader said the proposed transition to a new operating model and segment reporting structure is expected to help better capture the strategic value resulting from its acquisition of ARRIS and Ruckus Networks.
CommScope said it aims at improving the execution of its strategy and helping to unlock the potential of its portfolio of networking equipment.
The realignment will assist CommScope to take advantage of revenue and cost synergy potential within its current business.
It will accelerate an integrated technology roadmap and position the company to respond more quickly to new market opportunities.
It will allow the company to create a unified supply chain organization to optimize its global manufacturing and distribution footprint and better position it to respond quickly to rapidly changing market conditions.