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Ericsson and Cisco partner to create the networks of the future
- Next-generation strategic partnership will drive growth, accelerate innovation, and speed digital transformation demanded by customers across industries.
- Industry-leading scale and services capability will deliver differentiated customer value for service providers, enterprises, and the Internet of Things ecosystem.
- Incremental revenue opportunity of $1 billion or more expected for each company by calendar year 2018.
Ericsson (NASDAQ:ERIC) and Cisco (NASDAQ:CSCO) – two industry leaders in the development and delivery of networking, mobility, and cloud – today announced a global business and technology partnership to create the networks of the future.
Ericsson in strategic partnership with Cisco to generate sales and synergies
- Expected to generate USD 1 billion or more of additional sales by 2018
- Full-year effect from synergies of SEK 1 billion expected in 2018
- Accretive to operating income already in 2016
Ericsson (NASDAQ:ERIC) today announced a next-generation strategic partnership with Cisco (NASDAQ:CSCO) to create the networks of the future. The partnership will combine the best of both companies: routing, data center, networking, cloud, mobility, management and control, and global services capabilities. Ericsson will together with Cisco, leader in IP-networking, offer end-to-end leadership across network architectures for 5G, cloud and IP, and the Internet of Things.
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