With this acquisition we will have significant new opportunities for future sales growth and cost efficiencies to strengthen CommScope's financial foundation. The addition of the TE businesses is expected to immediately contribute to our profitable growth." For the near-term, the TE Connectivity broadband network solutions (BNS) businesses will be operated as one of CommScope's business segments, alongside the existing CommScope segments of wireless, enterprise and broadband. David Redfern will continue in his current role as leader of the BNS segment and will report to CommScope chief operating officer Randy Crenshaw. The company said it expects to "realize more than $150 million in annual synergies in 2018, which includes more than $50 million in 2016"—across all areas of the company including sales, marketing, general and administration, operations, and research-and-development. It added that it expects the transaction to be 20percent accretive in 2016 on a pro forma basis.