US Network equipment maker ADC has agreed to buy smaller rival Andrew Corp for about $2 billion in stock to meet rising customer demand for high-speed data and video services.
ADC Telecommunications Inc.'s wireline technology and Andrew's wireless infrastructure products would bolster the combined company's position amid the convergence of wireless, high-speed Internet, video, data and voice services.
The consolidation of the telco and network equipment market continues unabated. Expect more deals in the not too distant future and expect the Chinese network equipment guys to start getting more agressive internationally.
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