#Cisco and #Ericsson, two giants in the telecommunications gear sector, have teamed up to generate $1 billion in revenue for each company by 2018. The two companies will co-develop products, align customer service and share patents in a partnership that’s unprecedented in the industry.
The alliance, announced Monday, is a sign both of consolidation and competition in the market for telecommunications equipment as rival #AlcatelLucent merges with #Nokia, but also a symptom of the merging of both computing and communications as more business is conducted in the so-called cloud. Both companies are stuck in a mature industry providing equipment that underlies the backbone of both the wired and wireless Internet. Back in 2009, Cisco CSCO -0.95% branched out in an attempt to provide servers for cloud computing, with limited success.
http://fortune.com/2015/11/09/why-cisco-ericsson/
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