Technicolor completes acquisition of Cisco CPE business

Friday 20 November 2015 | 08:59 CET | News
Technicolor has completed the USD 600 million acquisition of Cisco Connected Devices, the group's customer premises equipment (CPE) business. The stock and cash acquisition was announced on 23 July. Technicolor is entering into a strategic collaboration agreement with Cisco that will allow both companies to develop and deliver next generation video and broadband technologies, with cooperation on IoT solutions and services. Cisco has received USD 450 million in cash financed by the rights offering that Technicolor closed on 17 November and new debt raised in October. Cisco has also received

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.


Already registered?

Categories: Fixed
Companies: Cisco / Technicolor
Countries: World
::: add a comment
This article is part of dossier


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.


Cisco confirms plans for 5,500 job cuts, Q4 sales fall 2%

Published 18 Aug 2016 08:23 CET | World
Cisco reported revenues for its fiscal fourth quarter to July down 2 percent year-on-year to USD 12.6 billion. Excluding the sale ...

Technicolor Q2 sales rise 46.8 percent, FY targets confirmed

Published 28 Jul 2016 15:16 CET | World
Technicolor posted a 46.8 percent year-on-year jump in revenues over the second quarter to EUR 1.158 billion, thanks largely to ...

NXP introduces quad-core ARM Cortex-A72 based processor 

Published 22 Mar 2016 18:04 CET | World
NXP Semiconductors released the newest addition to the QorIQ processor family with the LS1046A processor, which is described as ...

Cisco to buy cloud startup CliQr for USD 260 million

Published 01 Mar 2016 15:32 CET | World
Cisco has announced its intention to acquire San Jose-based cloud management software specialist CliQr for USD 260 million. CliQr ...

Technicolor raises Drive 2020 objectives

Published 19 Feb 2016 15:46 CET | World
Technicolor has raised its Drive 2020 objectives, with adjusted EBITDA for 2020 now projected at EUR 750 million instead of 500 ...

Cisco raises dividend 24% after strong Q2

Published 11 Feb 2016 08:14 CET | World
Cisco reported revenue for its fiscal second quarter to 23 January up 2 percent year-on-year to USD 11.8 billion. The results ...

Brazil antitrust approves Technicolor acquisition

Published 26 Jan 2016 12:13 CET | Brazil
Brazil's Administrative Council for Economic Defense (Cade) approved, without restrictions, the acquisition by Technicolor of ...

Cisco reorganises Cloud, IoE activities

Published 23 Jul 2015 09:22 CET | World
Cisco announced changes to its organisation, including its exit from the set-top box business. CEO Chuck Robbins said the CPE ...

Cisco to sell set-top box business to Technicolor

Published 23 Jul 2015 09:07 CET | World
Cisco is exiting the set-top box market and selling its activities to Technicolor for EUR 550 million. Cisco will receive EUR 413 ...

Arris to acquire Pace for USD 2.1 billion

Published 23 Apr 2015 02:52 CET | World
Arris and Pace jointly announced that they have agreed that Arris will acquire Pace for a total stock and cash consideration of ...

Technicolor in talks for home gateway joint venture - CEO

Published 09 Dec 2013 16:11 CET | World
Technicolor plans to stay in the business of making TV decoders and home gateways, according to CEO Frederic Rose. In an ...