BusinessCompany NewsNewsTechnology

Ericsson and Cisco eye $1b sales in network partnership

Sweden’s mobile equipment maker Ericsson and U.S. networking company Cisco Systems Inc < CSC.O> said on Monday they had agreed a business and technology partnership expected to generate revenues of $1 billion for each company by 2018.

Ericsson and Cisco said in a statement they would together offer routing, data center, networking, cloud, mobility, management and control, and global services capabilities.[related-posts]

“The strategic partnership will be a key driver of growth and value for the next decade, with each company benefiting from incremental revenue in calendar year 2016 and expected to ramp to $1 billion or more for each by 2018,” Ericsson said in a statement.

Ericsson also said it would continue to explore further joint business opportunities with Cisco.

[Reuters]

Tags

PC Tech

Posts on this account are made by various editors.
Back to top button
Do NOT follow this link or you will be banned from the site!
Close

Adblock Detected

Please disable your adblocker to continue accessing this site.