June 23, 2015

Source: Reuters

"EU clears CommScope purchase of TE Connectivity network business"

The European Commission said on Tuesday it had cleared the acquisition of the network gear business of Swiss electronics firm TE Connectivity by U.S. telecom equipment maker CommScope Holding Co Inc. The Commission, the EU's executive arm, said in a statement that it had concluded that the proposed acquisition would not raise competition concerns, notably because of the companies' moderate combined market positions, alternative players and the role of tenders and distributors in the procurement process.


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