International 
. CommScope, a communications infrastructure provider, completed the previously announced acquisition of the telecommunications, Enterprise and Wireless businesses of fiber optic connectivity for wired and wireless networks, TE Connectivity.
This transaction, valued at approximately $3 billion, strengthens CommScope's positioning by providing it with better resources to meet the growing demand of networks worldwide for increased bandwidth. With this transaction, the company also expects to improve its ability to serve customers in four main areas: Internal and external wireless networks; data centers and headquarters; connected and efficient buildings; access and backhaul networks.
"We are very excited to move forward as a company positioned for continued success," said Eddie Edwards, president and CEO of CommScope. "Together we seek to accelerate innovation in the industry, solve more challenges at the level of wired and wireless networks, and better serve customers in more markets around the world. By bringing together and complementing our solutions, technologies, geographic reach and market coverage we have created an even stronger platform to successfully compete internationally."
"With this acquisition, we will have truly novel opportunities to generate future sales growth and increased profitability to strengthen CommScope's financial foundations. The sum of TE Connectivity's business is expected to immediately contribute to our productive growth."
