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:

  • kids Pacers jersey: cheap Mavericks wholesale jerseys Made In usa Outlet Coupon...
  • Lightning jerseys china: cheap Clippers jerseys from china VIP Size...
  • ytd free download: At the same time, you ccan post tons and tons of videos without paying. Just select the video quslity that you prefer (Full HD, 720p HD, DVD quality ...
  • S G Thomas: Navil ... I'd rather be 'tightening' than 'loosing'!!!...
  • kobefan2014: She better f**king sue them to hell...
  • andyhdtv: i'm not happy about the possibility of higher prices, lower speeds and caps. would it be a bad idea to have these different types of companies merg...
  • Scott: He did under the video saying it was a 'parody'....
  • Chris: This worked for me! Was able to cancel my TV which was charging nearly $200 for TV, phone, and Internet to about $60 per month with their "Turbo" inte...
  • Dave Hancock: Oh come on Phillip!!! You at least should put in a disclaimer that this is from "The Onion"...
  • abbaassociates.com: Excellent article! We are linking to this particularly great content on our website. Keep up the good writing. Here is my weblog - Le Parise - ...
  • HoudiniJedi: I wrote the PSC secretary today, lending my support for Stop The Cap's position on the Comcast/TWC merger, it should be blocked. Period....
  • Limboaz: The bundle mentality is just as pervasive in Canada as the U.S., and caps are seen as the best way to protect the cable industry from competition. Rog...

Your Account: