Home » Comcast/Xfinity »Consumer News » Currently Reading:

Comcast Buys Part-Ownership in Cable Equipment Manufacturer Arris

Phillip Dampier January 16, 2013 Comcast/Xfinity, Consumer News No Comments

arrisComcast Corporation has announced its intention to pay $150 million for part-ownership of Arris Group, Inc., which manufacturers set top boxes and cable modems.

Comcast will own 10.6 million shares of Arris when the deal is complete.

The investment comes at the same time Arris is completing its acquisition of Motorola Home Business, which has been a major supplier of cable equipment for years.

With the investment, Comcast is signaling its intent to remain committed to Arris and Motorola brand equipment, but also more strongly influence its future development.

Cable operators have often griped about proprietary software powering set top boxes and the cost of buying and maintaining equipment. Many operators plan to leverage their broadband networks to develop new, cloud-based software to improve the user experience and reduce the cost of equipment.

“This investment by one of our largest customers is a strong indication of customer support for the Motorola Home acquisition and its potential to accelerate innovation to the benefit of the industry and consumers,” said Bob Stanzione, Arris chairman and CEO.

Share






Search This Site:

Contributions:

Recent Comments:

  • KM: Anyone know a source for third party batteries for these? Comcast's $35 + shipping seems high, especially if you want 2 which the box allows....
  • elfonblog: Yeah, I'm getting pretty sick of the word "unlimited" meaning "for any amount of time" rather than "for any amount of activity". Of course, people thi...
  • Paul Houle: Wow, here's an example of a cable company doing the right thing....
  • txpatriot: Thanx I missed Hoyle. Everyone else cited in the article was identified by party affiliation except Hoyle and Black. I was just trying to ensure you...
  • Phillip Dampier: That should be evident from the fact the Dems controlled the legislature for a century until 2011. Hoyle and Harrell were also Democrats....
  • txpatriot: Just for the record, former House Speaker Jim Black was (and maybe still is) a Democrat. You can read about the scandal at: http://en.wikipedia.or...
  • txpatriot: Brian, calm down and take a couple of deep breaths. If you have a complaint, it's with ACSI and how they categorized ISPs for purposes of their s...
  • Phillip Dampier: An Internet Service Provider is defined here (and elsewhere, to be honest) as any company using any technology to deliver Internet access to consumers...
  • Brian: Please tell me who the ISPs are ! In another article I read recently the writer said that the ISPs were VZ, AT&T and Comcast. Can't you get ...
  • txpatriot: Pulling the battery would be the best way to ensure the cell network can't track your movements. But that's kinda inconvenient....
  • Randy: I guess when you go shopping you should turn off your phone....
  • John: I have DirecTV and I have been over to my families homes that have Time Warner connected to a HDTV via a Time Warner STB, The HD channels are all over...

Your Account: