Cable / Telecom News

CommScope to buy Arris for $7.4B


TELECOMMUNICATIONS MANUFACTURER COMMSCOPE said Thursday that it has agreed to acquire set-top maker Arris in a deal valued at $7.4 billion.In addition, global alternative asset manager The Carlyle Group has re-established an ownership position in CommScope through a $1 billion minority equity investment as part of CommScope's financing of the transaction.Subject to customary closing conditions, the deal is expected to close in the first half of 2019, reads the news release."After a comprehensive evaluation of our business and the evolving industry we operate in, we are confident that combining with ARRIS is the best path forward for CommScope to grow...