Alston & Bird client CommScope Inc., a global leader in network infrastructure solutions, has agreed to acquire Switzerland-based TE Connectivity’s Telecom, Enterprise and Wireless businesses in an all-cash transaction valued at approximately $3 billion.
The deal expands CommScope’s business into the wireline telecom networks/fiber-to-the-X market and strengthens its capabilities to meet the growing demand for broadband in emerging markets. Further, TE Connectivity’s presence in Europe, the Middle East, Africa and Asia Pacific will enhance CommScope’s position as the world's premier network infrastructure provider.
Based in North Carolina, CommScope operates in more than 100 countries and has over 12,000 employees. It trades on the Nasdaq stock market.
Alston & Bird partner Mark Kelly led the team advising CommScope, supported by partner Scott Kummer, counsel David Revelt, senior associate William Snyder and associate Daniel Nisenson; partner Chris Gegg (Intellectual Property); partner John Baron (Tax); partners Mike Stevens and Blake MacKay (Employee Benefits & Executive Compensation); partner Brett Coburn (Labor & Employment) and partner Jason Waite (International Trade & Regulatory).