ARRIS Selected by izzi Telecom & Eastlink to Provide ME-7000 Converged Video Compression Platform (NASDAQ:ARRS)


ARRIS International (NASDAQ:ARRS) said Tuesday morning it was selected by izzi Telecom and Eastlink to provide its ME-7000 converged video compression platform. The company said izzi Telecom deployed the platform in its cable TV operation in Mexico to deliver new HDTV programming to its subscribers and increase bandwidth efficiency. Eastlink will use the platform to offer more channels to its Canadian cable TV subscribers and possibly reduce its operating expenses over time, said Eastlink chief technology officer Jim Fitzgerald. Eastlink will be the first Canadian operator to deply the ME-7000.

The stock increased 0.28% or $0.08 during the last trading session, hitting $28.41. About 1.29M shares traded hands. ARRIS International plc (NASDAQ:ARRS) has risen 24.22% since February 24, 2016 and is uptrending. It has outperformed by 12.30% the S&P500.

ARRIS International plc focuses on entertainment and communications technology. The company has a market cap of $5.29 billion. The Firm operates in two divisions: Customer Premises Equipment , and Network & Cloud (N&C). It currently has negative earnings. The CPE segment’s products include Set-Top, Gateway, digital subscriber line (DSL) and Cable Modem, and Embedded Multimedia Terminal Adapter (E-MTA) and Voice/Data Modem.

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