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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

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Categories: Fixed
Companies: Cisco / Technicolor
Countries: World
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