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:

  • Wendy: Im thinking to sue att I had unlimited data and they made a mistake and removed it from my plan I was told I can't get it back that was a lie they do ...
  • Bob Patten: I live in Grand Ledge MI. I assure we are in the exact same boat. I rarely ever see speeds promised or even close to them. Today is a great day - I am...
  • Miriam Shore: BH bites the biggun. Glad they got it stuck up their posteriors with today's net neutrality ruling. When competition enters this area, it will be a ...
  • AC: This is a double-edged sword at best. The problem is that once you make it a government entity you will create comcast/att/verizon/frontier/time warn...
  • tacitus: Hi Phillip, Just popped in to say thanks for your continued tireless efforts battling the corporate machine on behalf of consumers everywhere.The ...
  • Chris Rzatkiewicz: It's about time....
  • JayS: Access to the BTIG Research page, that you linked to above, requires a corporate email address. Please include the text of their critique of David K...
  • Lola: Rogers started notifying people of the upcoming need for a digital adapter 3 years ago. There was a notice in every single bill and also online billin...
  • Loons in June: Ok I admit it, I did crack a grin at that!...
  • Bill: This tactic worked flawlessly. My initial contract expires soon. I spoke to a representative from the retention department. She provided me with the...
  • William: Jack Knob. I am a Information Specialist. I have two degrees in the computer field and an accumulation of nearly 15 years experience in the computer...
  • Phillip Dampier: C'mon, you know you smirked when Comcast put his arm around Time Warner. :-) Of course, if you are still working for Time Warner, I wouldn't be to...

Your Account: