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  1. #1
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    Dec 2010
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    [EN] ARRIS: Every Carrier Will Become a Wireless Provider

    Andrew Burger
    2/23/17

    ARRIS and Broadcom jointly announced an agreement whereby the former will acquire Ruckus Wireless and ICX Switch business from Broadcom subsidiary Brocade Communication System Inc. for $800 million in cash, as well as unvested employee stock awards. The deal is contingent upon Broadcom successfully completing the acquisition of Brocade Communications, which owns both ARRIS’ acquisition targets.

    Acquiring Ruckus and ICX Switch will further expand ARRIS’s presence in wired and wireless networking technology and markets beyond the home to encompass the education, public venue, enterprise, hospitality and MDU market segments, ARRIS highlights in a news release.

    Off the back of acquiring Ruckus and the ICX Switch business line, management intends to create a business unit dedicated to marketing innovative wireless networking and wired switching technology that can meet the needs of various industry sector verticals. The new business unit is to be led by Ruckus COO Dan Rabinovitsj.

    Seizing on a Wireless Future

    ARRIS previously acquired Motorola and Pace. “We’ve set an aggressive growth strategy for ARRIS that includes expanding our technology breadth and depth with a focus on wireless broadband,” CEO Bruce McClelland wrote in a company blog post.

    “This strategy will also take us beyond the home – and into new, adjacent markets. The acquisition accomplishes all of these goals, expanding our focus into the enterprise networking and wireless spaces, as well as augmenting our portfolio of products serving our existing and emerging customers.

    Beyond their deep Wi-Fi access roots, Ruckus is developing a novel approach to developing technology that delivers very high-bandwidth cellular service of particular interest to both mobile and fixed-line broadband service providers, McClelland points out. Assimilating Ruckus will boost those efforts and enable the combined company to gain a market leading position by introducing next-gen wireless networking tech that continues to blur the lines distinguishing wireline and wireless network operators, he continued.

    “We are building upon our successful history of making investments that significantly grow our business and create value for our customers, employees, shareholders and partners,” McClelland writes. “Driven by ever-growing demand for high-speed, reliable, and effortless connectivity, service providers and enterprises will continually invest in their wired and wireless networks.

    “The next five years will see exciting changes as every service provider will become a wireless operator of some fashion. Enterprises and venues will upgrade their broadband networks to provide new innovative value-added services and faster, more seamless internet access.

    Next for Broadcom

    Besides a healthy boost to its cash balance, selling Ruckus and ICX Switch will allow Broadcom to focus more resources and energy on integrating Brocade’s Fibre Channel SAN business, a development that will have to wait for regulatory approval of Broadcom’s proposed acquisition of Brocade in several jurisdictions, as well as compliance with various other transaction terms and conditions.

    So will the sale and purchase of Ruckus and ICX Switch. Transaction closing does not require shareholder approval by either company and isn’t subject to any financing conditions, which simplifies matters and should speed up the process significantly, the two companies point out. It is contingent upon the successful closing of Broadcom’s Brocade acquisition, however.

    Brocade shareholders approved the deal to sell the company to Broadcom on Jan. 26. Broadcom anticipates deal closing in its fiscal 3Q this year, which ends July 30.

    All things considered, ARRIS’ acquisition is expected to close about one month following the closing of Broadcom’s acquisition of Brocade.

    http://www.telecompetitor.com/arris-...form=hootsuite

  2. #2
    WHT-BR Top Member
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    Dec 2010
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    18,491

    PR: ARRIS to Acquire Ruckus Wireless and ICX Switch Business for $800 Million in Cash

    SUWANEE, Ga., SINGAPORE, and SAN JOSE, Calif., Feb. 22, 2017 /PRNewswire/ -- ARRIS International plc, (ARRS) and Broadcom Limited (AVGO) today jointly announced that they have entered into an agreement for ARRIS to acquire Brocade Communication Systems Inc.'s Ruckus Wireless and ICX Switch business for cash consideration of $800 million, plus the additional cost of unvested employee stock awards, following the closing of Broadcom's acquisition of Brocade. ARRIS expects the acquisition to be accretive to its Non-GAAP earnings per share in the first 12 months.

    This portfolio will expand ARRIS's leadership in converged wired and wireless networking technologies beyond the home into the education, public venue, enterprise, hospitality, and MDU segments. ARRIS plans to establish a dedicated business unit within the company focused on innovative wireless networking and wired switching technology to address evolving and emerging needs across a number of vertical markets. The business unit will be led by current Ruckus COO, Dan Rabinovitsj.

    "We are building upon our successful history of making investments that significantly grow our business and create value for our customers, employees, shareholders and partners," said Bruce McClelland, ARRIS CEO. "Driven by ever-growing demand for high-speed, reliable, and effortless connectivity, service providers and enterprises will continually invest in their wired and wireless networks. The next five years will see exciting changes as every service provider will become a wireless operator of some fashion. Enterprises and venues will upgrade their broadband networks to provide new innovative value-added services and faster, more seamless internet access."

    "We have a history of partnering with Ruckus and the talented employees that created this powerful brand and platform. We are excited to welcome about 1,600 new employees and an extensive network of enterprise channel partners to the ARRIS family," added McClelland.

    "ARRIS is a leader powering today's digital world, and this combination signifies a win-win for Ruckus Wireless and ICX switching employees, partners and customers," said Dan Rabinovitsj, Ruckus COO. "Joining the ARRIS team will allow us to accelerate the pace of innovation and expand our industry-leading networking portfolio, leveraging ARRIS resources and scale."

    "We are pleased to announce this transaction with ARRIS, which will allow us to focus our energy on quickly integrating Brocade's Fibre Channel SAN business once we close the Brocade acquisition," stated Broadcom CEO Hock Tan.

    The closing of the transaction is subject to regulatory approvals in various jurisdictions and other customary closing conditions but does not require shareholder approval by either company, is not subject to any financing conditions, and is presently expected to close approximately one month following the closing of Broadcom's acquisition of Brocade.

    The transaction is contingent on Broadcom closing its acquisition of Brocade, previously announced on November 2, 2016 and approved by Brocade shareholders on January 26, 2017. Broadcom presently expects to close the Brocade acquisition in its third fiscal quarter ending July 30, 2017.

    LionTree Advisors is acting as lead financial advisor, and Troutman Sanders LLP is acting as counsel to ARRIS on this transaction. Barclays is acting as lead financial advisor, and Latham & Watkins LLP is acting as counsel to Broadcom on this transaction.

    About Broadcom:
    Broadcom Limited (AVGO) is a leading designer, developer and global supplier of a broad range of analog and digital semiconductor connectivity solutions. Broadcom Limited's extensive product portfolio serves four primary end markets: wired infrastructure, wireless communications, enterprise storage and industrial & other. Applications for our products in these end markets include: data center networking, home connectivity, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems, and displays. Broadcom is co-headquartered in Singapore and San Jose, Calif. For more information about Broadcom please visit http://www.broadcom.com.

    About ARRIS:
    ARRIS International plc. (ARRS) is a world leader in entertainment and communications technology. Our innovations combine hardware, software, and services across the cloud, network, and home to power TV and Internet for millions of people around the globe. The people of ARRIS collaborate with the world's top service providers, content providers, and retailers to advance the state of our industry and pioneer tomorrow's connected world. For more information, visit www.arris.com.

    http://finance.yahoo.com/news/arris-...210500339.html

  3. #3
    WHT-BR Top Member
    Data de Ingresso
    Dec 2010
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    18,491

    Broadcom Could Recoup Brocade Purchase in Five Years with Arris Deal, Says RBC

    By Tiernan Ray
    February 22, 2017

    RBC Capital’s Amit Daryanani today reiterates a “Top Pick” designation on chip maker Broadcom, and a $230 price target, following a report yesterday by Reuters’s Liana Baker, citing multiple unnamed sources, claiming cable network technology provider Arris is preparing to acquire a networking unit of Brocade Communications, which Broadcom is in the process of buying for $5.5 billion.

    The division in question includes wireline networking technology, and also the wireless access business of the former Ruckus Wireless, which Brocade bought for $1.07 billion last April.

    That purchase would leave Brocade the “storage area networking,” or SAN business, notes Daryanani. With potential proceeds form Arris of $1 billion, and more money from selling off Brocade real estate, the result is that Broadcom might be able to recoup its investment in five years:

    Assuming that ARRS acquires the whole networking business for $1.0B, we believe real estate assets owned by BRCD could generate another $200-$300M in cash. AVGO’s acquisition of BRCD implies a total EV of $5.7B, and subtracting out the networking business and real estate assets, we arrive at an implied valuation of BRCD’s core FC SAN business of $4.4B. With $900M in EBITDA generation, should revenues remain flat, AVGO could recuperate its spending within 5 years of owning BRCD’s FC SAN business.

    http://blogs.barrons.com/techtraderd...deal-says-rbc/

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