U.S. telecom equipment maker CommScope
Holding Co Inc said on Thursday it would buy set-top
box maker Arris International Plc in a $7.4 billion
deal to bulk up its business ahead of the global roll-out of 5G.
It was the lunch-hour rush at
the Court Square Diner in New York's Long Island City on
Wednesday, and co-owner Nick Kanellos pointed to the elevated
subway tracks that rattle overhead as he fretted over the news
that Amazon may build a major outpost in the neighborhood.