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Ericsson, Cisco sign up for major new partnership
2015-11-09 08:32:00| Telecompaper Headlines
(Telecompaper) Ericsson has announced a next-generation strategic partnership with Cisco to create the networks of the future. The companies will together provide end-to-end leadership across network architectures for 5G, cloud and IP, and the Internet of Things, with the partnership combining routing, data centre, networking, cloud, mobility, management and control, and global services capabilities. Ericsson CEO Hans Vestberg said the deal will strengthen the company's IP strategy, extend its addressable market and especially, will will generate an estimated USD 1 billion or more of additional sales by full year 2018, for each company. The full effect of synergies is expected to be felt in full year 2018, reached SEK 1 billion, mainly in expenses.
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Category:Telecommunications