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Tag: commscope
CommScope to boost global work force by more than half in $3B TE Connectivity purchase
2015-01-28 18:40:50| Industrial Machines - Topix.net
The deal will add 10,000 employees to CommScope's current worldwide work force of 12,000. CommScope has about 1,600 employees in Catawba County.
Commscope buys TE Connectivity businesses for USD 3 bln
2015-01-28 14:45:00| Telecompaper Headlines
(Telecompaper) CommScope has agreed to acquire TE Connectivity's Telecom, Enterprise and Wireless operations for USD 3 billion in cash. The transaction was approved by the boards of directors of both companies. The Telecom, Enterprise and Wireless businesses generated annual revenues of USD 1.9 billion in TE's fiscal year to 26 September, including USD 1.1 billion from the Telecom business, USD 627 million from Enterprise and USD 164 million from Wireless. The combined company's pro forma results for the twelve months to end September would have been USD 5.8 billion in net sales and USD 1.2 billion in adjusted EBITDA. The transaction is expected to add over 20 percent to CommScope's adjusted earnings per share by the end of the first full year after closing. Upon completion, CommScope's overall sales will be made up of Wireless (to 46% of sales from 65%), Enterprise (to 26% from 22%) and Broadband Connectivity (to 28% from 13%).
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CommScope buying some of TE Connectivity ops for about $3B
2015-01-28 13:07:12| Electronics - Topix.net
CommScope is buying TE Connectivity Ltd.'s telecom, enterprise and wireless businesses for about $3 billion, which will help diversify its operations and broaden its geographic reach. The businesses, made up of 65 facilities and approximately 10,000 employees, had annual revenue of approximately $1.9 billion in fiscal 2014.
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TE Connectivity nears deal to sell network business to CommScope: WSJ
2015-01-27 04:50:00| Electronics - Topix.net
Swiss electronics company TE Connectivity Ltd is said to be nearing a deal to sell its network equipment unit to CommScope Holding Co Inc for about $3 billion, the Wall Street Journal reported, citing people familiar with the matter. The deal does not include the networking business' subsea fiber optics operation, which is used by telecom and oil and gas customers, the Journal reported.
Tags: business
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KGP Logistics Adding Value to Wireless Market with CommScope
2014-09-08 06:00:00| Industrial Newsroom - All News for Today
FARIBAULT, Minn. -- KGP Logistics is committed to providing enhanced, value-add solutions to the North American wireless industry via increased focus on delivering wireless solutions with an emphasis on customer support and reliable supply chain services. As a North American channel partner for CommScope, KGP Logistics has developed a robust stocking position of CommScope wireless product solutions to improve lead times and product availability.<br /> <br /> In order to ensure speed to market ...This story is related to the following:Communication Systems and EquipmentMechanical Power Transmission Sponsored by: Nefab Companies Inc. - Category Sponsorship September2014Electrical Equipment and SystemsSearch for suppliers of: Coaxial Cables | Jumpers | Coaxial Connectors | Surge Arresters
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