- Arris (NASDAQ:ARRS +0.3%) will be a key partner in the development of Charter Communications' (CHTR +0.2%) WorldBox 2.0 platform, targeted at traditional TV sets across the Charter footprint.
- The next-gen WorldBox 2.0 is a hybrid video platform that expands on Charter's downloadable conditional access capabilities as well as adding more graphics capabilities and processing power. The platform "gives Charter the flexibility to deploy a single platform across our entire expanded network," says Charter's Jim Blackley.
- The two companies had recently entered into a warrant agreement providing for Charter to acquire Arris shares based on targeted sales of Arris equipment to Charter over the next three years.