CommScope Holding Co. agreed to pay $3 billion to buy a TE Connectivity Ltd. business that makes equipment for communications networks, giving it a bigger share of the market for broadband gear.

The transaction includes TE’s telecommunications, enterprise networks and wireless businesses with $1.9 billion in annual revenue, and excludes the submarine and data communications assets, Schaffhausen, Switzerland-based TE said Wednesday.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.