Tyco Electronics moves closer to cable with $1.25B ADC acquisition

Tyco Electronics, which has for the most part been sitting on the sidelines of the cable business, moved a step closer by agreeing to spend $1.25 billion for ADC. On the surface, the combined company will at least add ADC's increasingly important Distributed Antenna System (DAS) technology and products to the Tyco Electronics wireless connectivity portfolio; at the most it will enhance Tyco Electronics' position as a player in the emerging TV Everywhere space.

Tyco Electronics CEO Tom Lynch said as much in a news release announcing the deal, noting that "consumers and enterprises want access to high-speed video and data wherever they are, on whatever devices they are using-from smart phones to HD and 3D televisions or computers with advanced videoconferencing capabilities."

ADC, according to chairman/president/CEO Robert Switz, speaking in the same release, has a "strong heritage of providing innovative wired and wireless solutions that have enabled the expansion of advanced broadband networks worldwide."

For more:
- see this news release

Related article:
Distributed antenna systems: From niche to necessity

Suggested Articles

A massive media conglomerate like Comcast/NBCUniversal makes news often but this week was particularly busy with an acquisition, a big name reveal and a major…

DAZN, a subscription sports streaming service that launched in 2018, has a new distribution deal in place on Comcast’s X1 and Flex video platforms.

Given the accelerating rate at which consumers are going online for entertainment, Roku said that streaming TV viewers could surpass the amount of pay TV…