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.

Search This Site:

Contributions:

Recent Comments:

  • Ron: Agreed. They should be sticking with the same price or dropping their prices for rural area use. Who goes and deals with wire cables when your getting...
  • Clayton: I was paying $98 a month with taxes and fees for U200 (DVR, HD, 2 boxes) + Elite (6mpbs) for the last year. Contract was up and renegotiated for a...
  • Lee Kraus: I completely agree and I am in the exact same situation. I hope that we can find a way to get competition in the state....
  • JayS: From above: "Since wireless carriers discovered reports of a spectrum crisis were vastly exaggerated,...[]" Sure looks like the carrier pricing str...
  • Leedar: 'Conveniently' for South Korea and other culturally insular countries international traffic doesn't matter so much, because there is a local version o...
  • Daniel H: Except the other side of the story is was that he used his employer in the phone call to extract an advantage. If he did mention he was employed by Pr...
  • feather bed: Quality articles or reviews is the important to attract the viewers to pay a visit the website, that's what this website is providing....
  • Ralph: I absolutely love this comment, “As we’ve said before, the speed tests are the result of self-selected, self-reported samples,” Page said. “People who...
  • onlinehairclinic: Some infectionhs such aas fungal infections of the scalp, an underlying diseaselike diabetes orr lupus, scarring due to wearing pigtails, coornrows o...
  • Dekay: I was one of those unlucky Millenicom customers who just had their plan ($90/month) abruptly terminated. To get the same plan through Verizon would co...
  • Damian: Thank you for this article. I am currently with Comcast and have 50 Mbps internet speeds. I pump out a monthly average of 600 GB of data usage each m...
  • AustinTX: It's almost like Comcast has a crack team to identify anyone who is getting close to exposing them... and then giving them the push they need to go co...

Your Account: