Telecomm equipment company CommScope Holding Co. Inc. tapped Deutsche Bank AG and JPMorgan to lead its initial public offering set tentatively later this year, a Reuters news agency report said.
Officials of the three companies, however, declined to comment about the reported transaction.
CommScope is a manufacturer of cables that are used by telecomm companies for their high-speed data networks. The company reported more than US $3 billion in revenues in the fiscal year ending March 2013.
Moody's has projected in May this year that CommScope is expected to benefit from the infrastructure spending by wireless carriers. According to the same assessment, the company is likely to grow between two and four percent in the next few years.
CommScope bought out Redwood Systems Inc. earlier this month supposedly to bolster its position in the building infrastructure market. The deal amount for the transaction was never disclosed though. Redwood is a provider of lighting performance solution products.
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