SNL Kagan: set-top box market to rise in 2016

The global set-top box shipments are tipped to rise slightly year-on-year in 2016, with the STB market “continuing to defy predictions of its demise”, according to new research. The SNL Kagan report claims that worldwide set-top box shipments are on track to reach 273 million in 2016, up from 269 million in 2015. However, set-top […]

Arris begins cutting 10% of global workforce

Arris has started laying-off staff in a bid to reduce its global workforce by roughly 10%, following its recent acquisition of set-top box rival Pace. A spokesperson for the company confirmed reports that Arris is looking to cut roughly 800 people from its combined Arris-Pace workforce, which currently stands at more than 8,000 people around […]

Stanzione: networks, OTT and WiFi among key growth areas for Arris

The networks business, telco TV and OTT are among the key growth opportunities that Arris expects to be better placed to take advantage of as a result of its acquisition of Pace, according to chairman and CEO Bob Stanzione. In a wide-ranging interview with DTVE after Arris closed its £1.4 billion (€1.9 billion) acquisition of […]

Arris completes Pace acquisition, names management team

Arris has completed its £1.4 billion (€1.9 billion) acquisition of UK-based set-top leader Pace, combining two of the world’s three biggest pay TV consumer premises equipment providers. Arris said the deal gives it additional strength in the satellite segment and telco TV and expands its cloud, network, home and services portfolio. Arris said the acquisition […]

Arris-Pace deal gets share approval by UK court

Arris has said that its planned US$2.1 billion (€1.95 billion) takeover of Pace is now expected to close on January 4, 2016, after a UK court approved its share scheme for the deal. The High Court of Justice in England and Wales conditionally sanctioned the scheme of arrangement by which Arris will acquire Pace in a ruling yesterday. Arris said trading […]

Brazil green light clears way for Arris completion of Pace deal

Pay TV industry infrastructure giant Arris’s proposed acquisition of UK set-top provider Pace has received preliminary approval, without restrictions, from Brazil’s competition authority CADE, clearing the way for completion of the deal. The Brazilian clearance is expected to become final on December 19,, following Brazil’s mandatory appeals period. When finalized, the approval  will complete the merger-control […]

Arris-Pace deal gets Colombian clearance

Arris’ planned US$2.1 billion (€1.95 billion) takeover of Pace has received unconditional merger clearance from The Superintendence of Industry and Commerce in Colombia. This deal has already received pre-conditional clearance in Germany, South Africa, and Portugal, but is yet to pass antitrust clearance in the US and also needs to meet merger control requirements in Brazil. Last month Arris said […]

Arris reports Q3 revenue and profit drop

Arris reported year-on-year drops in revenue and profits in the third quarter, citing “headwinds” related to “telco capex, industry consolidations and the strong US dollar”. Commenting on the results, Arris chairman and CEO, Bob Stanzione, said that he remained “confident about our future business prospects” and said that Arris’ pending takeover of Pace will make […]

Arris stockholders approve Pace deal

Arris approved its merger agreement with Pace and the related reorganisation at a special meeting of stockholders yesterday. Stockholders holding 129,714,934 shares, representing approximately 88% of Arris, approved the deal. People who held more than 99% of shares voted at the meeting, according to the firm. Pace will now hold two special meetings today – a […]

Arris-Pace deal delayed, asset sale could be imposed

Arris has said its planned takeover of set-top box rival Pace could now be delayed until late December or early next year, as regulatory clearances are sought. In a statement, Arris said that it continues to believe that it will be able to obtain the necessary clearances for the deal to go through, although for […]

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