Cisco's new CEO Chuck Robbins is wasting no time making his impression on the company by selling off its set-top box business to French media technology conglomerate Technicolor and realigning the company's Internet of Everything (IoE) and cloud activities.
According to a FierceCable report, the sale will create what will be the second biggest CPE company next to the newly combined Arris and Pace, after Cisco and Technicolor gain necessary regulatory approvals. Technicolor's combined unit will control around 15 percent of the market for pay-TV set-top boxes, routers and switches, compared to about 25 percent for Arris-Pace.
In related news, Robbins is going to integrate the Internet of Everything and Cloud activities into Cisco's Engineering organization. The company will also integrate parts of IoE and Cloud services into its services business, and IoE and Cloud sales into the worldwide sales team. Read FierceCable's coverage.