Comtech to Pursue Transformation Plan, Weighs Alternatives for Networks

Dow Jones

Oct 18, 2024

By Adam L. Cataldo

Comtech will pursue a strategy to transform the company into a pure-play satellite and space communications provider.

The company said Thursday its board of directors and management team will pursue a plan that includes an exploration of strategic alternatives for its terrestrial and wireless networks that is already under way. Proceeds from a divestiture of those networks would lead to a simplified capital structure and strengthen its balance sheet, the company said.

As part of its new strategy, Comtech said it plans to take what it called portfolio-shaping and operations initiatives. That involves identifying opportunities to divest, separate and rationalize those businesses and facilities that don't align with its new focus.

Write to Adam Cataldo at adam.cataldo@wsj.com

(END) Dow Jones Newswires

October 17, 2024 18:02 ET (22:02 GMT)

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Cataldo \n</p>\n<pre>\n \n</pre>\n<p>\n  Comtech will pursue a strategy to transform the company into a pure-play satellite and space communications provider. \n</p>\n<p>\n  The company said Thursday its board of directors and management team will pursue a plan that includes an exploration of strategic alternatives for its terrestrial and wireless networks that is already under way. Proceeds from a divestiture of those networks would lead to a simplified capital structure and strengthen its balance sheet, the company said. \n</p>\n<p>\n  As part of its new strategy, Comtech said it plans to take what it called portfolio-shaping and operations initiatives. That involves identifying opportunities to divest, separate and rationalize those businesses and facilities that don't align with its new focus. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adam Cataldo at adam.cataldo@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 17, 2024 18:02 ET (22:02 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Comtech to Pursue Transformation Plan, Weighs Alternatives for Networks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nComtech to Pursue Transformation Plan, Weighs Alternatives for Networks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-18 06:02</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Adam L. Cataldo \n</p>\n<pre>\n \n</pre>\n<p>\n  Comtech will pursue a strategy to transform the company into a pure-play satellite and space communications provider. \n</p>\n<p>\n  The company said Thursday its board of directors and management team will pursue a plan that includes an exploration of strategic alternatives for its terrestrial and wireless networks that is already under way. Proceeds from a divestiture of those networks would lead to a simplified capital structure and strengthen its balance sheet, the company said. \n</p>\n<p>\n  As part of its new strategy, Comtech said it plans to take what it called portfolio-shaping and operations initiatives. That involves identifying opportunities to divest, separate and rationalize those businesses and facilities that don't align with its new focus. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adam Cataldo at adam.cataldo@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 17, 2024 18:02 ET (22:02 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4020","symbol_name":"通信设备","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2476454342","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476454342","pubTimestamp":1729202520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Comtech will pursue a strategy to transform the company into a pure-play satellite and space communications provider.The company said Thursday its board of directors and management team will pursue a plan that includes an exploration of strategic alternatives for its terrestrial and wireless networks that is already under way. 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Cataldo \n\n\n \n\n\n  Comtech will pursue a strategy to transform the company into a pure-play satellite and space communications provider. \n\n\n  The company said Thursday its board of directors and management team will pursue a plan that includes an exploration of strategic alternatives for its terrestrial and wireless networks that is already under way. Proceeds from a divestiture of those networks would lead to a simplified capital structure and strengthen its balance sheet, the company said. \n\n\n  As part of its new strategy, Comtech said it plans to take what it called portfolio-shaping and operations initiatives. That involves identifying opportunities to divest, separate and rationalize those businesses and facilities that don't align with its new focus. \n\n\n \n\n\n  Write to Adam Cataldo at adam.cataldo@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 17, 2024 18:02 ET (22:02 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}