Posted on March 31st, 2015 in News
CommScope, a manufacturer of Telecommunications equipment including Andrew Antennas, recently agreed to buy part of TE Connectivity, the world’s largest provider of connectivity solutions, for a total $3 billion, in a bet on consumers’ current need for communicating over data networks.
CommScope makes equipment for wireless operators to strengthen their existing networks, as well as connectivity products for data centers. The deal will add to CommScope’s business and help it enlarge its presence throughout the Asian, European, and the Middle Eastern markets. The division that CommScope is buying from TE Connectivity will make fiber optic cables and other essential equipment for telecommunications, enterprise, and wireless networks.
The arrangement is based on the very framework that controls the age of mobile devices and endless connectivity. CommScope CEO Marvin Edwards is hoping to increase its capacity to carry these signals over its networks adding that “Any time you want to talk or communicate, we provide the solutions and products to enable that to happen.”
Representatives of TE Connectivity did mention that the deal would allow it to focus more on their sensor technology business, especially when it comes to harsh environments, such as desert, seabed or mining locations.
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