CommScope to Cabletel: Pay Up

2/18/2004 3:01 AM Eastern

CommScope Inc. issued a default notice and demand for payment to troubled vendor Cabletel Communications Corp.

The notice covers some $1.2 million due under a senior subordinated unsecured promissory note, as well as $900,000 in open accounts receivable.

Cabletel, a distributor of broadband equipment to the Canadian television and telecommunications industries, also said it has extended its previously announced deadline for submission of bids for the company and/or any of its subsidiary companies or operating segments until 5 p.m. EST Thursday.

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