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General

Commscope confirms Arris takeover for USD 7.4 billion

Thursday 8 November 2018 | 13:57 CET | News
Commscope has confirmed an agreement to acquire Arris for USD 7.4 billion including debt. The deal will more than double Commscope's annual revenues, strengthening its position in the wireless market with the takeover of Ruckus Networks and expanding its addressable market to the home gateway and video delivery markets. The Carlyle Group has agreed to invest USD 1 billion for a 16 percent stake in Commscope to help finance the acquisition. 

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Categories: General
Companies: Arris / CommScope / Ruckus Networks
Countries: World
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