0
Video

Arris-Pace merger gets preliminary Brazil approval

Thursday 3 December 2015 | 11:18 CET | News
Set-top box maker Arris has announced that its proposed acquisition of rival Pace has received preliminary approval, without restrictions, from Brazil's competition authority Cade, with the clearance expected to become final on 19 December. The deal has already received approval from regulators in Colombia, Germany, Portugal and South Africa, with Arris adding that it expects to close the USD 2.1 billion transaction in early January following the confirmation of the Brazilian clearance and the sanctioning of the scheme of arrangement by the UK Companies Court.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Broadcast & Satellite
Companies: Arris / Pace
Countries: Brazil / World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Mexico's TVI picks Arris to expand HD broadcast services

Published 24 Feb 2016 15:51 CET | Mexico
Arris announced a contract to expand the HD channel broadcasting of Mexican operator Television Internacional (TVI) via its Apex ...

Brazilian waiting period for Arris-Pace merger expires

Published 23 Dec 2015 09:14 CET | Brazil
Arris Group has announced that the mandatory waiting period with respect to the approval granted by Brazil's competition ...

Brazilian antitrust approves new network sharing deal

Published 22 Dec 2015 11:29 CET | Brazil
Brazil's Administrative Council for Economic Defence (Cade) has approved without restrictions the terms of commitment entered ...

UK Court approve Arris, Pace share scheme

Published 17 Dec 2015 16:50 CET | United Kingdom
Arris announced that the UK High Court has conditionally sanctioned the share scheme of arrangement pursuant to which it will ...

DOJ clears Arris takeover of Pace

Published 02 Dec 2015 09:05 CET | United States
Arris announced that the US Department of  Justice has closed its investigation of Arris's planned takeover of set-top box maker ...

Colombia clears Arris acquisition of Pace

Published 24 Nov 2015 14:18 CET | Colombia
Set-top box maker Arris has announced that its proposed acquisition of rival Pace has received unconditional merger clearance ...

Arris shareholders approve Pace takeover

Published 22 Oct 2015 10:12 CET | World
A special meeting of Arris stockholders approved the company's proposed acquisition of set-top box maker Pace. Holders of ...

Arris expects delay in closing Pace takeover

Published 19 Oct 2015 10:29 CET | World
Arris has hit a stumbling block in its proposed takeover of Pace. The company announced that due to an extended regulatory review ...

Portugal clears Arris-Pace merger

Published 30 Sep 2015 10:38 CET | Portugal
Set-top box maker Arris has announced that its proposed acquisition of rival Pace has received unconditional merger clearance ...

Arris says sales pressure to continue in 2015

Published 30 Jul 2015 10:56 CET | World
Arris reported second-quarter revenues down 11.8 percent from a year earlier to USD 1.260 billion, in line with its already ...

Pace profits improve on lower revenues in H1

Published 28 Jul 2015 12:25 CET | World
Pace reported first-half revenue down 5.3 percent from a year earlier to USD 1.08 billion, in line with the company's ...

Arris lowers guidance for Q2, weakened by strong US dollar

Published 13 Jul 2015 09:20 CET | World
Arris has lowered its guidance for the second quarter, with stronger than expected headwinds set to impact the company throughout ...

DOJ requests more information on Arris acquistion of Pace

Published 30 Jun 2015 11:22 CET | United States
STB makers Arris and Pace have received requests for additional information from the US Department of Justice (DOJ) in connection ...





Calendar   /   Industry Events

04 Aug Intred Q2 2021
04 Aug Softbank fiscal Q1
04 Aug Lumen Technologies Q2
04 Aug Digi International fiscal Q3
04 Aug EA fiscal Q1
04 Aug Viavi Q4
04 Aug Inseego Q2 2021
04 Aug Qorvo fiscal Q1
04 Aug Roku Q2 2021
04 Aug Aferian interim results
04 Aug Liberty Latin America Q2 2021
04 Aug Smith Micro Q2 2021
04 Aug 8x8 fiscal Q1
05 Aug DigitalBridge Q2
05 Aug Viasat fiscal Q1
05 Aug Motorola Solutions Q2
05 Aug Tucows Q2 2021
05 Aug WideOpenWest (Wow) Q2
05 Aug Vonage Q2 2021
05 Aug Gogo Q2 2021
05 Aug CommScope Q2
05 Aug FireEye Q2
05 Aug InterDigital Q2
05 Aug Switch Q2 2021
05 Aug Cogent Communications Q2 2021
05 Aug BCE Q2 2021
05 Aug Uniti Group Q2
05 Aug OTE Q2
05 Aug Starhub Q2 2021
05 Aug United Internet Q2 2021
05 Aug Swisscom Q2 2021
05 Aug Frontier Communications investors meeting
05 Aug ON Semiconductor analysts meeting
05 Aug FCC meeting
::: More Calendar Items