CommScope (NASDAQ:COMM) has completed its previously announced acquisition of TE Connectivity's (NYSE:TEL) Telecom, Enterprise and Wireless businesses. The all-cash transaction, valued at approximately $3 billion, is intended to strengthen CommScope's position in four major areas:
Indoor and outdoor wireless networks
Data centers and central offices
Connected and efficient buildings
Access and backhaul networks
The new CommScope has approximately 25,000 employees, with a more significant presence in all major geographic regions. The company now holds a portfolio of approximately 9,800 patents and patent applications, with research and development investment of more than $200 million a year.
For the near term, the newly acquired TE Connectivity Broadband Network Solutions (BNS) businesses will be operated as one of CommScope's business segments, alongside of the existing CommScope segments of Wireless, Enterprise and Broadband.
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STEPHEN HARDY Editorial Director and Associate Publisher [email protected]
