CommScope execs said they will need more time to complete the proposed spin-off of Home Networks, the struggling unit that makes and sells set-tops, broadband gateways, modems and other consumer premises equipment (CPE).

Rather than wrapping that transaction by the first quarter of 2022, the company says it is now on track to complete it the second quarter of 2022. That new, longer projection is “due to operational complexities of the transaction,” Alex Pease, CommScope’s EVP and CFO, said Thursday on the company’s earnings call.

Source: CommScope extends finish line for Home Networks spin-off | Light Reading