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.