Home Commscope buys TE Connectivity businesses for USD 3 bln
 

Keywords :   


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%).

Tags: businesses usd connectivity buys

Category:Telecommunications

Latest from this category

All news

»
06.11Eastern North Pacific Tropical Weather Outlook
05.11Tropical Storm Rafael Graphics
05.11Tropical Storm Rafael Forecast Discussion Number 9
05.11Tropical Storm Rafael Wind Speed Probabilities Number 9
05.11Tropical Storm Rafael Public Advisory Number 9
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
05.11Tropical Storm Rafael Forecast Advisory Number 9
05.11Delayed implementation of EID eartag rule requested
More »