US telecoms equipment maker CommScope has announced its intention to buy set-top box manufacturer Arris for $1bn, amid industry-wide investment to upgrade infrastructure and optimise video streaming ahead of 5G. The deal is expected to complete in H1 of next year. The announcement led to a 10% rise in Arris stock. Meanwhile, Carlyle Group, which took CommScope private in 2013, will make a $7.4bn equity investment in the company for a 16% stake.
US telecoms equipment maker CommScope has announced its intention to buy set-top box manufacturer Arris for $7.4bn, amid industry-wide investment to upgrade infrastructure and optimise video streaming ahead of 5G. The deal is expected to complete in H1 of next year. The announcement led to a 10% rise in Arris stock. Meanwhile, Carlyle Group, which took CommScope private in 2013, will make a $1bn equity investment in the company for a 16% stake.