Tuesday, November 13, 2018

IDEMIA: Enter the World of Augmented Identity at the AfricaCom 2018 in Cape Town (13-15 Nov)

IDEMIA, the global leader in Augmented Identity, today announces its presence at the AfricaCom 2018, the biggest influential tech and telecoms event on the continent, held in Cape Town, from 13 to 15 November 2018.


COURBEVOIE, France-Tuesday 13 November 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, IDEMIA guarantees secure, authenticated and verifiable transactions for international clients from Telecom, Financial, Telecom, Identity, Public Security and IoT sectors.

The digital revolution is happening right now in the telecom sector and in Africa: Sub-Saharan Africa is projected to have 535 million unique mobile subscribers by 2020 and around 270-million people in the region now access the internet through mobile devices, while the number of registered mobile money accounts has reached 280-million1.

To cope with customers’ eagerness to access mobile services at any time and in any location, mobile operators have to implement a structural transformation in their customer relationships and their business processes.

Mobile Operators need to be prepared for the new challenges our industry is now facing (eSIM, 5G, regulation evolutions, etc.). At AfricaCom 2018, IDEMIA invites you to experience its solutions to support Mobile Operators and Africa’s digital future.

A wide range of technologies and solutions will be showcased on the IDEMIA booth covering the following topics:

    Securing digital onboarding and identification (Know Your Customer solutions)
    Managing eSIM lifecycle for consumer & IoT
    Connecting, managing and monitoring devices
    Revealing our latest innovations such as FuZion
    … and much more to discover!

“I am very pleased that this new edition of AfricaCom is held under the theme The Place to shape Africa’s digital future. Supporting Mobile Operators in their digital transformation is exactly our ambition at IDEMIA. While we today need a new value proposition for a new world, IDEMIA is proud to stand for Augmented Identity and tirelessly support citizens, clients, customers with its leading solutions, in order to provide them with more and more security and convenience in their day-to-day lives”, said Fabien Jautard, General Manager and EVP Mobile Operators BU.

IDEMIA speaking slot
November 14th - 3:30pm

Armand Lecorche, Global Solution sales director Mobile Operators will speak about “How to become a next generation Mobile Operator”, focusing on eKYC and eSIM lifecycle management.

Armand will cover the following challenges adapted to Africa digital transformation:

    What opportunities and challenges does the evolving digital identity space present regarding the identification of telecom customers? How can mobile operators leverage these opportunities to become key actors in the digital identity ecosystem?
    What does the launch of eSIM-devices mean for mobile operator business processes?
    With the rising flow of data exchanged between consumer devices, but also between connected machines, can mobile operators become digital security providers?

Take a tour of our stand in Booth #C120 Hall 4 to discover the world of Augmented Identity!

1 Source: GSMA



View source version on businesswire.com: https://www.businesswire.com/news/home/20181112005332/en/

Contacts

IDEMIA
Press:
Hanna Sebbah
idemia@havas.com

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ABB inaugurates advanced innovation and manufacturing hub in Xiamen

 New hub integrates all of ABB’s activities in southeastern coastal city to create state-of-the-art campus specializing in advanced technologies



XIAMEN, China -Tuesday 13 November 2018 [ AETOS Wire ]

    US$300 million investment in the hub which is ABB’s largest innovation and manufacturing site at 425,000m2
    Employs 3,500 people, covering the full range of business activities
    Strong symbol of ABB’s ongoing commitment to China, where it has invested more than US$2.4 billion since 1992

(BUSINESS WIRE)-- Pioneering technology leader ABB today inaugurated its new ABB Xiamen Hub in the city’s Torch Hi-Tech Industrial Park. The new site integrates the full value chain of ABB’s activities, including R&D, engineering, manufacturing, sales and service, as well as supply chain management and corporate functions. Constructed and equipped using the latest environmentally sound materials and systems, including ABB’s record-breaking fast-charging stations for electric vehicles, the site sets new standards in sustainability.

“The Xiamen Hub is ABB’s largest and one of our most advanced manufacturing sites, and it demonstrates the potential of Industry 4.0 on our own premises. It is designed to provide state-of-the-art solutions and services for our customers in China as well as enterprises active in China’s Belt-and-Road Initiative,” said Ulrich Spiesshofer, CEO of ABB. “By bringing all of our activities together in one central hub, we will be ideally positioned to support China’s reform agenda by helping Xiamen and the surrounding region build up leading positions in advanced industries.”

The ABB Xiamen Hub will focus primarily on the development and manufacturing of products and solutions for ABB’s Electrification Products and Power Grids divisions. It is home to one of ABB’s largest R&D centers for low-voltage electrical systems as well as a 1,200kV ultra-high voltage test lab, the highest voltage level in China. The site also has ABB’s first digitally connected remote service center in China. Since the launch of ABB’s leading ABB Ability™ digital offering last year, the Group’s digital business in China has doubled in size.

The inauguration ceremony of the Xiamen Hub was attended by Pei Jinjia, Secretary of the Communist Party of China Xiamen Municipal Committee, and other government representatives, ABB customers from the utility, industry, and transport & infrastructure sectors, and ABB Group and local management. In acknowledgement of Xiamen’s central role in ABB’s Chinese operations, ABB will host a major customer event this week at the Xiamen International Conference and Exhibition Center. This event, ABB Customer World, will bring in more than 6,000 people and showcase the company’s Power Grids, Electrification Products, Industrial Automation, and Robotics and Motions divisions.

“Xiamen has long been one of the most important industrial bases for ABB in China and globally,” said Chunyuan Gu, President of ABB’s Asia, Middle East and Africa region. “The city was home to our first joint venture in China 26 years ago and has played a crucial role in the development of ABB in China, where we now employ 18,000 people in more than 140 cities, including more than 2,000 in R&D.”

The new hub is one of a number of major new investments ABB is making in China. In October, the company announced a US$150 million investment in a new robotics “factory of the future” in Shanghai. In May, it inaugurated a new Robotics Application Center in Chongqing, the company’s fourth such site in China. And in December 2017, it opened the ABB Shenzhen New Energy Technology Center, which carries out research and development for solar and electric-vehicle-charging solutions for use around the world. ABB has invested more than US$2.4 billion in China since 1992.

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in power grids, electrification products, industrial automation and robotics and motion, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner in ABB Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 147,000 employees. www.abb.com





View source version on businesswire.com: https://www.businesswire.com/news/home/20181113005681/en/

Contacts

ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland
Media Relations
Phone: +41 43 317 71 11
Email: media.relations@ch.abb.com


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NMC Healthcare Walkathon 2018

Hundreds walk to raise awareness about Diabetes at NMC Walkathon 2018


Ras Al Khaimah, United Arab Emirates-Tuesday 13 November 2018 [ AETOS Wire ]

November is National Diabetes Awareness Month. 2,000 participants let their legs do the talking as they joined NMC’s Walkathon yesterday.

Organised by NMC Royal Medical Center, Ras Al Khaimah in association with RAK Police and Public services department, UAE residents turned out in their droves in Ras Al Khaimah to show their support for the NMC Walkathon, an extremely worthy initiative which aims to raise awareness about diabetes, the ‘silent killer.’

NMC’s COO Michael Davis was delighted that the event drew so many people to join the cause. “I am so pleased that our first ever NMC Diabetes Walk in Ras Al Khaimah was a huge success,” he said, before going on to explain why healthy living events such as these are so necessary.

“Type-2 diabetes is a global healthcare crisis effecting approximately 25 percent of the people living in the UAE.  Many people think we have to spend hours per day in the gym to reap the benefits of exercise. The real truth is that maintaining an active lifestyle and a well-balanced diet is an effective way to combat adult onset diabetes.  Almost 2,000 people from RAK and the surrounding emirates showed up to our event to pledge their commitment to a healthy lifestyle.  On behalf of Prasanth Manghat, CEO of NMC Health and the entire NMC Leadership team I'd like to thank everyone who participated and supported this wonderful cause."

Brigadier Ghanem Ahmed Al Ghanem Director General of  RAK Police was equally grateful for both the success of the walkathon as well as the collaboration with NMC Royal Medical Center, telling attendees: “We appreciate both the support from NMC and the way in which this leading healthcare provider is raising awareness of important health issues such as diabetes for the benefit of RAK residents as well as the UAE as a whole. The significance of initiatives such as this, which engage the community and help to spread awareness on life-threatening illnesses, should not be underestimated.”

With this year’s theme: “Diabetes Concerns every Family,” the walkathon aimed to drive the message home that adoption of a healthy lifestyle is vital in preventing and managing diabetes – for people of all ages. Awareness and education are key; currently less than one in two people diagnosed with diabetes and one in four family members of people living with diabetes have access to diabetes education programmes.

Killing more people worldwide than Aids and cancer combined, there are more than 1 million people living with diabetes in the UAE, placing the country 15th worldwide for age-adjusted comparative prevalence.

With diabetes the leading cause of heart disease, strokes, blindness, kidney failure and lower limb amputation, 80 percent of cases of Type 2 Diabetes could be prevented through healthier ways of living with the overriding message of NMC Walkathon being: a brisk walk every day can keep diabetes away.

Contacts

SAHARA Communications

Noor Abdelhafez, Account Executive, +97143298996, +971506946519

n.hafiz@saharapr.com / www.saharagcc.com

Permalink : https://www.aetoswire.com/news/nmc-healthcare-walkathon-2018/en

Rockwell Automation Names Susana Gonzalez President for EMEA Region

BRUSSELS-Saturday 10 November 2018 [ AETOS Wire ]
      
(BUSINESS WIRE)-- Rockwell Automation Inc. (NYSE: ROK) names Susana Gonzalez president of Europe, Middle East, and Africa (EMEA) region.

Susana was most recently Rockwell Automation’s European regional sales vice president. Before joining Rockwell Automation, she led European industrial automation and control sales for a global technology and manufacturing company. She has over 15 years of experience successfully leading product management and sales organizations in multinational companies.

Susana will replace Thomas Donato effective January 1, 2019. Donato was promoted to sr. vice president sales and marketing, also effective January 1, 2019. “Susana is a strong global leader with experience across Europe, North America, and Asia. Her broad international experience, and exceptional leadership demonstrated since she joined Rockwell Automation makes her the ideal candidate for driving growth in this region” said Thomas Donato.

Mrs. Gonzalez will be the company’s first female EMEA president. She will be responsible for executing the company’s growth and customer strategy and leading the commercial and selling organization.

Mrs. Gonzalez holds a Bachelor degree in Business Administration from Asturias Business School and San Francisco State University, a M.Sc. in Business Administration from San Francisco State University in addition to several leadership programs. Over time, Susana will relocate from Germany to the Rockwell Automation EMEA headquarters in Brussels.

Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and information, makes its customers more productive and the world more sustainable. Headquartered in Milwaukee, Wis., Rockwell Automation employs about 23,000 people serving customers in more than 80 countries.


View source version on businesswire.com: https://www.businesswire.com/news/home/20181108006007/en/

Contacts
Rockwell Automation, Inc.
Ike Umunnah
Director, Global Public Affairs
414-299-0474
Itumunna@ra.rockwell.com
or
Jennie Holmes
Marketing Communications & Services Manager – EMEA Region
Rockwell Automation
Tel: +44 1908 838831


https://www.aetoswire.com/news/rockwell-automation-names-susana-gonzalez-president-for-emea-region/en

Arthur D. Little Predicts Transformative Changes in Commercial Aviation Market by 2035



LONDON -Tuesday 13 November 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- Arthur D. Little (ADL) today published a major new report on the future of the commercial aviation market. It predicts the sector will change more in the years between now and 2035 than in its entire previous 80 years. This will impact airlines, aircraft providers and infrastructure providers in terms of their business and operating models, driven by demand evolution, technological breakthroughs and changes in regulation.

Based on analysis of 15 megatrends, including mass customization, new OEM competition, providing aircraft as a service and modes of aviation such as short haul drones and hypervelocity, ADL’s Aviation 2035 report outlines five potential scenarios for the sector:

1. Base scenario – lean through automation. The whole industry improves margins through technologies such as data analytics, AI and 3D printing that enable greater automation.

2. Aviation as oligopolies. The industry is structured around a set of global champions in each sector of the ecosystem, with consolidation enabling them to monetize scarce resources.

3. Aviation as utilities. Regional champions dominate, but are limited by factors around regulated demand, pricing and ownership, in a similar way to the utility sector. Strong environmental regulation limits total industry revenue, but contains competition.

4. Aviation as a service. Airlines are weakened, becoming white-label operators with downstream and upstream operators able to capture value by integrating vertically, controlling access to clients or by managing scarce resources.

5. Aviation as a department store. Airlines retain control of customers, but their brands disappear as aircraft cabins are monetized to third parties. Fleets are managed by aircraft-as-a-service providers.

Mathieu Blondel, Partner at Arthur D. Little, explains: “By 2035 our analysis predicts that we will see a fundamentally different commercial aviation industry, impacting the position, revenues and margins of airlines, aircraft providers and infrastructure providers. The five scenarios set out in our report show the flight may be bumpy, so companies need to take action now if they want a safe landing by seizing opportunities and mitigating potential risks.”

The report also highlights that technology, such as connectivity, cyber-security, blockchain, artificial intelligence and automation will have a major impact at ecosystem level, enabling moves along the value chain and the reinvention of operating and revenue generation models.

The ADL Aviation 2035 report is available here: www.adl.com/Aviation2035



View source version on businesswire.com: https://www.businesswire.com/news/home/20181113005626/en/

Contacts

Arthur D. Little
Cate Bonthuys
Tel: +44 7746546773
cate@catalystcomms.co.uk

Permalink : https://www.aetoswire.com/news/arthur-d-little-predicts-transformative-changes-in-commercial-aviation-market-by-2035/en

CommScope to Acquire ARRIS: Approximately $7.4 Billion Transaction Accelerates CommScope Vision to Shape Communications Networks of the Future

Transaction More Than Doubles Expected Product Addressable Market to Greater Than $60 Billion

Expected to Generate Approximately $1 Billion in Cash Flow from Operations1 and Be More Than 30 Percent Accretive to Adjusted EPS in First Full Year after Closing

Expect More than $150 Million in Annual Cost Synergies Within Three Years

The Carlyle Group Reestablishes Ownership Position in CommScope with $1 Billion Minority Investment


HICKORY, N.C. & SUWANEE, Ga.-Tuesday 13 November 2018 [ AETOS Wire ]

(BUSINESS WIRE) -- CommScope (NASDAQ: COMM), a global leader in infrastructure solutions for communications networks, has agreed to acquire ARRIS International plc (NASDAQ: ARRS), a global leader in entertainment and communications solutions, in an all-cash transaction for $31.75 per share, or a total purchase price of approximately $7.4 billion, including the repayment of debt.

In addition, The Carlyle Group, a global alternative asset manager, has reestablished an ownership position in CommScope through a $1 billion minority equity investment as part of CommScope’s financing of the transaction.

The combination of CommScope and ARRIS, on a pro forma basis, would create a company with approximately $11.3 billion in revenue and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of approximately $1.8 billion, based on results for the two companies for the 12 months ended September 30, 2018.

The combined company is expected to drive profitable growth in new markets, shape the future of wired and wireless communications, and position the new company to benefit from key industry trends, including network convergence, fiber and mobility everywhere, 5G, Internet of Things and rapidly changing network and technology architectures.

ARRIS, an innovator in broadband, video and wireless technology, combines hardware, software and services to enable advanced video experiences and constant connectivity across a variety of environments – for service providers, commercial verticals, small enterprises and the people they serve. ARRIS has strong leadership positions in the three segments in which it operates:

    Customer Premises Equipment (CPE), featuring access devices such as broadband modems, gateways and routers and video set-tops and gateways;
    Network & Cloud (N&C), combining broadband and video infrastructure with cloud-based software solutions; and
    Enterprise Networks, incorporating the recently acquired Ruckus Wireless® and ICX Switch® businesses, and focusing on wireless and wired connectivity, including Citizens Broadband Radio Service solutions.

For the 12 months ended September 30, 2018, ARRIS generated revenues of approximately $6.7 billion, consisting of $3.9 billion from CPE, $2.2 billion from N&C and $568 million from Enterprise Networks (reflecting only a partial year of Ruckus since its acquisition in December 2017).

“After a comprehensive evaluation of our business and the evolving industry we operate in, we are confident that combining with ARRIS is the best path forward for CommScope to grow and provide the greatest returns for shareholders,” said Eddie Edwards, president and chief executive officer, CommScope. “CommScope and ARRIS will bring together a unique set of complementary assets and capabilities that enable end-to-end wired and wireless communications infrastructure solutions that neither company could otherwise achieve on its own. With ARRIS, we will access new and growing markets, and have greater technology, solutions and employee talent that will provide additional value and benefit to our customers and partners.

“CommScope and ARRIS share a customer-first culture that emphasizes innovation, made possible by incredibly talented and experienced teams of people. As we have with numerous transactions in the past, we expect to work together with Bruce McClelland and the ARRIS team to create a best-in-class management team and achieve a seamless integration. Together, CommScope and ARRIS will be well positioned to serve a more diverse set of customers and generate substantial value for our shareholders.”

ARRIS Chief Executive Officer Bruce McClelland said, “CommScope is an ideal partner for ARRIS. In addition to providing immediate and substantial cash value to our shareholders, we are excited for what this combination will deliver for our customers, partners and employees around the world. Today’s agreement is a testament to the strength of ARRIS: our leading technology, talented employees and established competitive position. With CommScope, we expect to further advance ARRIS’ strategy to drive innovation across our iconic brands and pioneer the standards and pathways for tomorrow’s personalized, connected always-on consumer experience. ARRIS will become part of an even stronger, more global industry leader, and I look forward to working with the CommScope team to achieve great results for the combined company.”

Transaction is a critical step in fueling growth, shareholder value and customer benefits:

    Positioned to Capitalize on Positive Industry Trends: The combined company will be well positioned to benefit from key industry trends by combining best-in-class capabilities in network access technology and infrastructure and creating end-to-end and comprehensive solutions. We believe trends such as network convergence, fiber and mobility everywhere, the advent of 5G and fixed wireless access, Internet of Things and rapidly changing network and technology architectures will provide compelling long-term opportunities for the combined company and its unique end-to-end communications infrastructure capabilities.
    Unlocks Significant, High-Growth Segments and Increases Product Addressable Market: The company expects to more than double its total product addressable market to more than $60 billion, with a unique set of complementary assets and capabilities that enable end-to-end communications infrastructure solutions such as:
        Converged small cell solutions for licensed and unlicensed wireless spectrum;
        Complementary wired and wireless communications infrastructure;
        Integrated broadband access;
        Private network solutions for industrial, enterprises and public venues; and
        Comprehensive connected and smart home solutions.
    Expanded Product Offerings and R&D Capabilities to Meet Diversified Customer Base: CommScope and ARRIS will share strong technical expertise with approximately 15,000 patents and approximately $800 million in average annual research and development investments. With a stronger global footprint, the combined company is expected to serve customers across more than 150 countries.
    Strong Financial Profile with Cost Savings Opportunities: For the 12 months ended September 30, 2018, on a pro forma basis, the combined company would have generated revenues of approximately $11.3 billion with adjusted EBITDA of approximately $1.8 billion. As a result of the combined company’s increased scale, CommScope expects to achieve annual run-rate cost savings of at least $150 million within three years post-close, with synergies of more than $60 million expected to be realized in the first full year after closing and more than $125 million expected to be realized after the second year post-close, driven from natural synergies primarily in direct procurement and SG&A.
    Significantly Accretive to CommScope’s Earnings: The transaction is expected to be more than 30 percent accretive to CommScope’s adjusted earnings per share by the end of the first full year after closing, excluding purchase accounting charges, transition costs and other special items.
    Maintains CommScope’s Strong Balance Sheet, Credit Position and Financial Flexibility: With a unique set of complementary assets and capabilities that enable end-to-end communications infrastructure solutions, the combined company is expected to generate approximately $1 billion in cash flow from operations1 in the first full year after closing. Upon completion of the transaction, CommScope’s net leverage (debt less cash) ratio based on pro forma adjusted EBITDA1 for the 12 months ended September 30, 2018 is expected to be 5.1x, including full run-rate synergies of $150 million. Given the increased scale and cash flow generation, as well as both companies’ track records of successful integration, CommScope expects to rapidly de-lever, targeting a net leverage ratio of approximately 4.0x in the second full year after closing. Long term, the company is targeting a net leverage ratio of 2.0x to 3.0x.

Terms and Financing

The per share cash consideration represents a premium of approximately 27 percent to the volume weighted average closing price of ARRIS’ common stock for the 30 trading days ended October 23, 2018, the day prior to market rumors regarding a potential transaction.

The transaction is not subject to a financing condition. CommScope expects to finance the transaction through a combination of cash on hand, borrowings under existing credit facilities and approximately $6.3 billion of incremental debt for which it has received debt financing commitments from J.P. Morgan Securities LLC, BofA Merrill Lynch and Deutsche Bank Securities Inc.

In addition, The Carlyle Group, a former CommScope owner, is reestablishing a minority ownership position in the company through a $1 billion equity investment, equal to approximately 16 percent of CommScope’s outstanding shares.

“We are delighted to resume our collaboration with CommScope’s accomplished management team,” said Cam Dyer, Carlyle managing director and global co-head of Technology, Media and Telecom. “We believe in the company’s long-term strategy, customer-centric culture and ability to deliver results. This optimism has fueled our desire to be a part of such a promising transaction with ARRIS.”

Leadership and Headquarters

Following completion of the combination, Eddie Edwards will continue in his role as president and chief executive officer of CommScope, with Bruce McClelland and other members of the ARRIS leadership team joining the combined company.

CommScope will remain headquartered in Hickory, NC, and the combined company will maintain a significant presence in Suwanee, GA. Upon completion of the transaction, CommScope will continue to be led by an experienced board of directors and management team that leverage the strengths of both companies.

Approvals

The transaction, which is expected to close in the first half of 2019, is subject to the satisfaction of customary closing conditions; expiration or termination of the applicable waiting period under the US Hart-Scott-Rodino Antitrust Improvements Act; receipt of certain regulatory approvals; and approval by ARRIS shareholders.

Advisors

Allen & Company LLC, Deutsche Bank, J.P. Morgan Securities LLC, and BofA Merrill Lynch are serving as financial advisors to CommScope, and Alston & Bird LLP, Latham & Watkins LLP, Cravath, Swaine & Moore LLP, Pinsent Masons LLP and Skadden, Arps, Slate, Meagher & Flom LLP are serving as legal counsel. Evercore is serving as financial advisor to ARRIS. Troutman Sanders LLP, Herbert Smith Freehills LLP and Hogan Lovells LLP are serving as legal counsel to ARRIS. Simpson, Thacher & Bartlett LLP is serving as Carlyle’s legal counsel.

Conference Call and Webcast

CommScope and ARRIS will host a conference call today, November 8, 2018, at 8:30 a.m. ET to discuss the transaction. The conference call can be accessed by dialing +1 844-397-6169 (U.S. and Canada only) or +1 478-219-0508 and giving the passcode 1458698.

A live webcast of the conference call will be available on the investor relations section of each company’s website at ir.commscope.com and ir.arris.com. The webcast will be archived on the investor relations section of each company’s website.

Presentation and Infographic

Associated presentation materials and an infographic regarding the transaction will be available on the investor relations section of each company’s website at www.commscope.com and www.arris.com.

About CommScope

CommScope (NASDAQ: COMM) helps design, build and manage wired and wireless networks around the world. As a communications infrastructure leader, we shape the always-on networks of tomorrow. For more than 40 years, our global team of greater than 20,000 employees, innovators and technologists have empowered customers in all regions of the world to anticipate what’s next and push the boundaries of what’s possible. Discover more at http://www.commscope.com/
Follow us on Twitter and LinkedIn and like us on Facebook.

Sign up for our press releases and blog posts.

About ARRIS

ARRIS International plc (NASDAQ: ARRS) is powering a smart, connected world. The company's leading hardware, software and services transform the way that people and businesses stay informed, entertained and connected. For more information, visit www.arris.com.

For the latest ARRIS news:

    Check out our blog: ARRIS EVERYWHERE
    Follow us on Twitter: @ARRIS

1 Financial metrics presented are adjusted to exclude purchase accounting charges, transaction and integration costs and other special items.

Caution Regarding Forward Looking Statements

This press release or any other oral or written statements made by CommScope or ARRIS, or on either company’s behalf, may include forward-looking statements that reflect the current views of CommScope and/or ARRIS (collectively, “us,” “we,” or “our”) with respect to future events and financial performance, including the proposed acquisition by CommScope of ARRIS. These statements may discuss goals, intentions or expectations as to future plans, trends, events, results of operations or financial condition or otherwise, in each case, based on current beliefs of our management, as well as assumptions made by, and information currently available to, such management. These forward-looking statements are generally identified by their use of such terms and phrases as “intend,” “goal,” “estimate,” “expect,” “project,” “projections,” “plans,” “potential,” “anticipate,” “should,” “could,” “designed to,” “foreseeable future,” “believe,” “think,” “scheduled,” “outlook,” “target,” “guidance” and similar expressions, although not all forward-looking statements contain such terms. This list of indicative terms and phrases is not intended to be all-inclusive.

These statements are subject to various risks and uncertainties, many of which are outside of our control, including, without limitation: dependence on customers’ capital spending on data and communication systems; concentration of sales among a limited number of customers and channel partners; changes in technology; industry competition and the ability to retain customers through product innovation, introduction and marketing; risks associated with sales through channel partners; changes to the regulatory environment in which our customers operate; product quality or performance issues and associated warranty claims; the ability to maintain effective management information systems and to implement major systems initiatives successfully; cyber-security incidents, including data security breaches, ransomware or computer viruses; the risk our global manufacturing operations suffer production or shipping delays, causing difficulty in meeting customer demands; the risk that internal production capacity or that of contract manufacturers may be insufficient to meet customer demand or quality standards; changes in cost and availability of key raw materials, components and commodities and the potential effect on customer pricing; risks associated with dependence on a limited number of key suppliers for certain raw materials and components; the risk that contract manufacturers we rely on encounter production, quality, financial or other difficulties; our ability to integrate and fully realize anticipated benefits from prior or future acquisitions or equity investments; potential difficulties in realigning global manufacturing capacity and capabilities among global manufacturing facilities or those of our contract manufacturers that may affect our ability to meet customer demands for products; possible future restructuring actions; substantial indebtedness and maintaining compliance with debt covenants; our ability to incur additional indebtedness; our ability to generate cash to service our indebtedness; possible future impairment charges for fixed or intangible assets, including goodwill; income tax rate variability and ability to recover amounts recorded as deferred tax assets; our ability to attract and retain qualified key employees; labor unrest; obligations under defined benefit employee benefit plans may require plan contributions in excess of current estimates; significant international operations exposing us to economic, political and other risks, including the impact of variability in foreign exchange rates; our ability to comply with governmental anti-corruption laws and regulations and export and import controls worldwide; our ability to compete in international markets due to export and import controls to which we may be subject; the impact of the U.K. invoking Article 50 of the Lisbon Treaty to leave the European Union; changes in the laws and policies in the United States affecting trade, including recently enacted tariffs on imports from China, as well as the risks and uncertainties related to tariffs or a potential global trade war that may impact our products; costs of protecting or defending intellectual property; costs and challenges of compliance with domestic and foreign environmental laws; the impact of litigation and similar regulatory proceedings that we are involved in or may become involved in, including the costs of such litigation; risks associated with stockholder activism, which could cause us to incur significant expense, hinder execution of our business strategy and impact the trading value of our securities; and other factors beyond our control. These risks and uncertainties may be magnified by CommScope’s acquisition of ARRIS, and such statements are also subject to the risks and uncertainties related to ARRIS’ business.

Such forward-looking statements are subject to additional risks and uncertainties related to CommScope’s proposed acquisition of ARRIS, many of which are outside of our control, including, without limitation: failure to obtain applicable regulatory approvals in a timely manner, on acceptable terms or at all, or to satisfy the other closing conditions to the proposed acquisition; the risk that CommScope will not successfully integrate ARRIS or that CommScope will not realize estimated cost savings, synergies, growth or other anticipated benefits, or that such benefits may take longer to realize than expected; risks relating to unanticipated costs of integration; the potential impact of announcement or consummation of the proposed acquisition on relationships with third parties, including customers, employees and competitors; failure to manage potential conflicts of interest between or among customers; integration of information technology systems; conditions in the credit markets that could impact the costs associated with financing the acquisition; the possibility that competing offers will be made; and other factors beyond our control.

These and other factors are discussed in greater detail in the reports filed by CommScope and ARRIS with the U.S. Securities and Exchange Commission, including CommScope’s Annual Report on Form 10-K for the year ended December 31, 2017 and Quarterly Report on Form 10-Q for the period ended September 30, 2018 and ARRIS’ Quarterly Report on Form 10-Q for the period ended June 30, 2018. Although the information contained in this press release represents our best judgment as of the date hereof based on information currently available and reasonable assumptions, neither CommScope nor ARRIS can give any assurance that the expectations will be attained or that any deviation will not be material. Given these uncertainties, we caution you not to place undue reliance on these forward-looking statements, which speak only as of the date made. Neither CommScope nor ARRIS are undertaking any duty or obligation to update this information to reflect developments or information obtained after the date of this report, except as otherwise may be required by law.

Non-GAAP Financial Measures

CommScope and ARRIS’ management believe that presenting certain non-GAAP financial measures provides meaningful information to investors in understanding operating results and may enhance investors' ability to analyze financial and business trends. Non-GAAP measures are not a substitute for GAAP measures and should be considered together with the GAAP financial measures. As calculated, CommScope and ARRIS’ non-GAAP measures may not be comparable to other similarly titled measures of other companies. In addition, CommScope and ARRIS’ management believe that these non-GAAP financial measures allow investors to compare period to period more easily by excluding items that could have a disproportionately negative or positive impact on results in any particular period. GAAP to non-GAAP reconciliations for historical periods are included in the reports CommScope and ARRIS file with the U.S. Securities and Exchange Commission.

Important Additional Information Regarding the Transaction and Where to Find It

In connection with the proposed transaction, ARRIS will prepare a proxy statement to be filed with the Securities and Exchange Commission (the “SEC”). When completed, a definitive proxy statement and a form of proxy will be mailed to the stockholders of ARRIS. INVESTORS AND STOCKHOLDERS OF ARRIS ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION, INCLUDING ARRIS’ PROXY STATEMENT WHEN IT BECOMES AVAILABLE BEFORE MAKING ANY VOTING OR INVESTMENT DECISIONS WITH RESPECT TO THE PROPOSED MERGER BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION, THE PARTIES TO THE TRANSACTION AND THE RISKS ASSOCIATED WITH THE TRANSACTION. Those documents, if and when filed, as well as ARRIS’ other public filings with the SEC may be obtained without charge at the SEC’s web site, http://www.sec.gov, or at ARRIS’ website at http://ir.arris.com. ARRIS’ stockholders and other interested parties will also be able to obtain, without charge, a copy of the proxy statement and other relevant documents (when available) by directing a request by mail to ARRIS Investor Relations, 3871 Lakefield Drive, Suwanee, GA 30024 or at http://ir.arris.com.

Participants in the Solicitation

ARRIS and its directors and certain of its executive officers, and CommScope and its directors and certain of its executive officers, may be deemed to be participants in the solicitation of proxies from ARRIS’ stockholders in connection with the proposed transaction. Information about the directors and executive officers of ARRIS is set forth in its Annual Report on Form 10-K for the year ended December 31, 2017, which was filed with the SEC on March 23, 2018, and its proxy statement for its 2018 annual meeting of stockholders, which was filed with the SEC on March 23, 2018. Information about the directors and executive officers of CommScope is set forth in the proxy statement for CommScope’s 2018 annual meeting of stockholders, which was filed with the SEC on March 20, 2018. Additional information regarding potential participants in the solicitation of proxies from ARRIS’ stockholders and a description of their direct and indirect interests, by security holdings or otherwise, will be included in ARRIS’ proxy statement when it is filed.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181108005272/en/

Contacts

News Media Contacts:
Rick Aspan, CommScope
+1 708-236-6568 or publicrelations@commscope.com
or
Jeanne Russo, ARRIS
+1 215-323-1880 or jeanne.russo@arris.com
or
Investor Contacts:
Kevin Powers, CommScope
+1 828-323-4970
or
Bob Puccini, ARRIS
+1 720-895-7787 or bob.puccini@arris.com

Permalink : https://www.aetoswire.com/news/commscope-to-acquire-arrisnbspapproximately-74-billion-transaction-accelerates-commscope-vision-to-shape-communications-networks-of-the-future/en

Small is Best in Global Banking - as Universal Banks Fail to Deliver - Lafferty Banking 500



LONDON-Tuesday 13 November 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- Far from being the universal banking giants of Wall Street, London, Frankfurt, Paris, Tokyo or Beijing that typically combine commercial and investment banking activities, the best banks in the world are focused on consumer and business banking. They are also smaller and often younger than the big brands of the banking industry. So says a new study from global banking research firm, Lafferty Group, London.

STAR-RATINGS OF UNIVERSAL BANKS (Photo: Business Wire)

These best-performing banks are dotted all over the world and are more likely to be found in the emerging markets of Asia, Africa, Eastern Europe and Latin America than in the developed countries of Western Europe, Australia or North America (see appendix B).

These are some of the headline findings of the latest Lafferty Banking 500 benchmarking study of listed banks from over 70 countries across the globe. The giant ‘elephant in the room’ question raised by the study is this: why are the leading Anglo banks of the US, Canada, UK, Ireland, and Australia at BEST average players? See Appendix A for the star-ratings of the world's largest universal banks.

Lafferty Banking 500 rates banks from 72 countries for their overall quality. This year 500 banks are benchmarked, compared to 100 in each of the previous two years.

The study does not take the form of a report. It is a vast database with 19 separate metrics for each of the 500 banks. It is used by banks and others as a bank benchmarking tool.

The Lafferty Banking 500 awards star-ratings to each bank that is benchmarked – from 5 stars for the best to 1 star at the other extreme. The methodology rates banks for their overall quality and sustainability - and has nothing to do with credit ratings. It uses 19 separate metrics to score the banks and relies almost entirely on their annual reports for the source data. “In many respects our work is based on what can only be described as signals given out by annual reports - signals that are there regardless of how much a bank might try to disguise them.





View source version on businesswire.com: https://www.businesswire.com/news/home/20181111005008/en/

Contacts

Lafferty Group London
Tim Gregory
Email: timothy.gregory@lafferty.com
Website: http://benchmarking.lafferty.com/
Phone: +44(0)-20-3781-7554
or
Phone: +44-(0)-20-3633-1630
Fax: +44-(0)-20-3002-4662
Email: enquiries@lafferty.com