CommScope, getting ready for 5G, spends $5.7B for Arris

November 8, 2018
Credit: CC0 Public Domain

Telecommunications equipment maker CommScope is paying $5.7 billion for Arris International as it prepares for the entrance of faster 5G service to the wireless market.

Arris makes modems and boxes for the wireless industry, including . Equipment makers and like Verizon are all gearing up for 5G, which is expected to allow for higher and faster data rates and better connections between multiple devices.

Under the deal announced Thursday, CommScope Holding Co. will pay $31.75 per share for Arris International Plc. and assume the company's debt, bringing the total buyout price to about $7.4 billion. Also, asset manager The Carlyle Group is helping to finance the deal with a $1 billion investment in CommScope.

Explore further: CommScope buying some of TE Connectivity ops for about $3B

Related Stories

Recommended for you

Researchers discover new material to help power electronics

March 18, 2019

Electronics rule our world, but electrons rule our electronics. A research team at The Ohio State University has discovered a way to simplify how electronic devices use those electrons—using a material that can serve dual ...

Semimetals are high conductors

March 18, 2019

Researchers in China and at UC Davis have measured high conductivity in very thin layers of niobium arsenide, a type of material called a Weyl semimetal. The material has about three times the conductivity of copper at room ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.