Friday, 23 June 2017

CommScope pays $3bn for TE Connectivity's network ops

By Mary Lennighan, Total Telecom
Friday 30 January 15

Firm seeks to rebalance its portfolio by building up broadband operations in developed and emerging markets.

TE Connectivity has agreed to sell the bulk of its networks business to CommScope for US$3 billion, it announced on Wednesday. The deal, which has been approved by both companies' directors, will see CommScope take control of TE Connectivity's telecom, enterprise and wireless operations. The move will give CommScope access to adjacent markets…

TE Connectivity has agreed to sell the bulk of its networks business to CommScope for US$3 billion, it announced on Wednesday. The deal, which has been approved by both companies' directors, will see CommScope take control of TE Connectivity's telecom, enterprise and wireless operations. The move will give CommScope access to adjacent markets…

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