TE Connectivity sells network gear biz to CommScope for $3B

TE Connectivity confirmed that it has agreed to sell its telecom and data equipment business to CommScope for $3 billion. After meeting customary financing, regulatory approvals and other customary closing conditions, CommScope expects to close the transaction by the end of 2015. FierceTelecom has a complete report here. 

Suggested Articles

Contrary to what stark video subscriber losses suggest about the state of the U.S. pay TV industry, PwC said that pay TV subscribers increase in 2019.

AT&T-owned DirecTV is prepping another round of price increases that will kick in early next year for subscribers to its satellite television service.

After quietly bringing back 4K content earlier this summer, Hulu is expanding availability to other devices.