Cisco, Ericsson To Collaborate on Network Development
Ericsson and Cisco are joining to accelerate their platforms and services needed to create the IoT and to develop a mobile enterprise experience through a secure technology architecture, the companies said in a news release Monday. The partnership will "drive…
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growth, accelerate innovation, and speed digital transformation demanded by customers across industries," the release said, and has an incremental revenue opportunity of at least $1 billion for each company by 2018. The companies plan to jointly offer "end-to-end leadership" across 5G, cloud services, IP and the IoT, they said. The partnership will be supported by several agreements, including commitments to network transformation through joint development, collaboration in emerging markets, as well as licensing agreements for the companies' respective patent portfolios in which Ericsson will receive licensing fees from Cisco, the release said.