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Cisco and Ericsson sign decade-long strategic partnership

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November 9, 2015

Earlier this morning, Cisco and Ericsson have signed a decade-long strategic partnership to allow the two companies to work together on cloud, 5G technology, intellectual property and the Internet of Things infrastructure.

The two firms say that the new partnership could help each company ring up US $1 billion in new sales over the next two to three years.

Financial terms of the multiple agreements signed by the two parties were not disclosed, but we can tell that the partnership is a close one.

For instance, Cisco and Ericsson plan to discuss FRAND policies and enter a licensing agreement for their respective patent war chests.

Ericsson said in a statement that it will pay licencing fees to Cisco. The Swedish giant added that the deal, which will presumably help the company compete with rivals such as Nokia Oyj's network division, included combining brains with Cisco on routing, data centre services, networking and mobility technology.

Employees from both Cisco and Ericsson will additionally team up on SDN/NFV and network management and control.

"Initially, the partnership will focus on service providers, then on opportunities for the enterprise segment and accelerating the scale and adoption of IoT services across various industries," said Ericsson CEO Hans Vestberg.

"For Ericsson, this partnership also fortifies the intellectual property strategy we have already developed over the past several years, and it is a key move forward in our own transformation," he added.

Vodafone chief Vittorio Colao was among the big name customers to be wheeled out to back slap the partnership.

He estimated that the deal would accelerate the pace of innovation across the communications industry in a manner that would not be possible attain without such a partnership.

Source: Cisco and Ericsson.

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