3G Networks Leader Acquired by Cisco
3G Networks Leader Acquired by Cisco
14th October , 2009
US : Cisco will acquire Starent Networks and the acquisition has been approved by both companies. Cisco will pay nearly 3 Billion US dollars in a combination of cash and outstanding equity awards. The completion date is anticipated to be mid 2010.
Starent Networks is a well known supplier of 3G IP-based mobile infrastructure solutions to 3G mobile operators around the globe. Much of Cisco’s decision to acquire Starent Networks is driven by the doubling of 3G mobile internet by 2013 and by the rising demand of IP enabled 3G Smartphones.
Starent Networks provides the multimedia intelligence, core network functions and services to manage access from any 2.5G, 3G, and 4G radio networks to a mobile operator's packet core network. Starent Networks' access-independent technology is deployed in CDMA2000 (1X, EV-DO), UMTS/HSPA and WiMax networks.
Starent Networks President, Ashraf Dahod said of the acquisition "Combining Cisco's strength in Video and IP with Starent Networks' leading mobile infrastructure solutions, creates a compelling portfolio of products that provides an integrated architecture to offer rich, quality multimedia experiences to mobile subscribers on 3G and 4G networks,"
Starent Networks' mobile infrastructure solutions play an important role in enabling Service Providers to scale their mobile infrastructure and monetize their investments via differentiated experiences. The company provides the multimedia intelligence, core network functions and services to manage access from any 2.5G, 3G, and 4G radio network to a mobile operator's packet core network. Starent Networks' access-independent technology is deployed in CDMA2000 (1X, EV-DO), UMTS/HSPA and WiMax networks.
Prior to the close, Cisco and Starent Networks will continue to operate as separate companies. Upon completion of the transaction, Starent Networks will become the new Mobile Internet Technology Group led by Starent Networks' President and Chief Executive Officer Ashraf Dahod, within Cisco's Service Provider Business which is led by Pankaj Patel, Senior Vice President/General Manager.
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