Arris said a fall in third quarter revenues could be attributed to last year’s launch of an unprecedented number of new products.
The cable tech company, which last week announced regulatory delays in the purchase of fellow set-top box manufacturer Pace, reported third quarter revenues of $1,221.4 million were down $184.0 million.
“I remain confident about our future business prospects as we weather through the current cycles. I am looking forward to closing the pending Pace acquisition which will make us even better positioned for future growth. Last week the shareholders of both ARRIS and Pace approved the combination and we continue to work to satisfy the remaining regulatory conditions to close the transaction,” said Bob Stanzione, ARRIS Chairman and CEO.
Arris said that delays in the Pace purchase had not had any material effect on the spend of operators on new customer equipment. Stanzione said he saw no reason as to why the Pace deal would not go ahead and it was now only a matter of time.
