Report: CommScope eyeing ARRIS acquisition
October 25, 2018
By Colin Mann
Telecommunications and cable equipment vendor CommScope is in talks to acquire entertainment and communications and CPE specialist ARRIS International, according to a Reuters report, which suggests that negotiations are ongoing and there is no certainty a deal will be reached.
ARRIS itself has been active in sector consolidation, acquiring set-top box maker Pace, Motorola’s CPE business and Ruckus Wireless in recent years.
CommScope posted second quarter sales of $1.24 billion, up 6 per cent, and operating income of $165 million. Last year, the company posted full-year revenues of S$4.56 billion. In 201,7 Arris posted full-year sales of $6.61 billion. It is not clear how any bid would be financed.
Other posts by :
- Deutsche Bank reveals targets for AST SpaceMobile
- AST SpaceMobile boss outlines benefits
- Report: LEO build-out accelerates
- Germany outlines space commitment
- Analysis: Impact of AT&T on US telcos and cable
- Bezos rocket production boosted
- Musk delays Moon landing until 2027
- Hughes Satellite facing cash crunch
- Major banks support AST SpaceMobile
