Advertisment

CommScope open to M&A

author-image
CIOL Bureau
Updated On
New Update

NEW DELHI: CommScope Inc. is open to merger and acquisition in the wireless and the enterprise space, informed Randall Crenshaw, executive vice president and GM of the global infrastructure solution provider for communications network.

Advertisment

The company would also have a separate division for wireless infrastructure space from early next year.

CommScope recently acquired Andrew Corp. for around $2.6 billion. With the acquisition, to be completed by early 2008, CommScope has entered into the infrastructure business in the GSM space.

“This will be a different division of CommScope, focusing in the wireless space. It will come into effect once the acquisition is complete and we will be able to give further information on it,” Crenshaw said.

Advertisment

Andrew Corp. designs, manufactures and supplies communications equipment including wireless and distributed communications, land mobile radio, cellular and personal communications, broadcast, radar, and navigation.

Andrew Corp., in an earlier interaction with CyberMedia News, had informed that it was targeting to set up over 80,000 cell sites in India in 2007. However, APAC contributed 15 percent to the global revenue of Andrew, which stood at $2.15 billion in 2006.

Huge focus on India

With the massive growth in the wireless space, CommScope sees that the wireless infrastructure space will boost their revenues from India.

Advertisment

Crenshaw said that the company is hugely focusing in the Indian enterprise market. He said that the company has struck deals with a number of customers in India, but denied revealing the names.

"India is one of the potential market for us as it is witnessing a growth of 46 percent CAGR in structured cabling. Indian market is being followed by China with growth of 37 percent CAGR,” Crenshaw said.

Ispran Kandasamy, vice president and MD, Asia Pacific, CommScope, said that the cabling market in the APAC region is witnessing a growth of 33 percent. "The total cabling market in the Asia Pacific region is around $1.5 billion, and we are targeting a major pie of it," Kandasamy said.

The company sees huge potential in the Middle East, Asia and Eastern Europe. Crenshaw said that these regions are witnessing three times more growth than the developed countries of the world.

tech-news