CommScope says expanding fiber-optic cable production

CommScope announced that it is expanding fiber-optic cable production to accelerate the rollout of broadband across the U.S., connecting more communities and underserved areas. "CommScope’s expansion of U.S. fiber-optic cable production will: Increase fiber-optic cable output, hastening the deployment of broadband to underserved communities; The HeliARC lines are expected to support 500,000 homes per year in fiber-to-the-home deployments; Increase employment opportunities with the addition of at least 250 jobs over the next five years, 90% of which will not require a college degree; Bolster supply chain production in the United States in support of the White House’s initiative to have the supply chain for America begin in America; Introduce a new HeliARC fiber optic cable, specifically designed for the needs of rural deployments; Invest $47M CapEx in the U.S. toward expanding fiber optic cable production focused on rural applications," the company stated.