Cisco is said to spend USD 5-billion for networks building and its deployments

CIOReviewIndia Team | Tuesday, 13 October 2020, 12:46 IST

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Cisco is said to spend USD 5-billion for networks building and its deployments

As part of the $5 billion (about Rs 37,000 crore) it has earmarked globally, US-based networking company Cisco Systems is planning innovative finance options for the fifth generation or 5G network deployments by Indian telecom operators in India.

 

"We will bring innovative financial solutions on top of cutting-edge technology to telecom service providers. We are already engaged with India's leading telcos to get their network architectures ready for 5G," said Sanjay Kaul, president, Asia Pacific and Japan at Service Provider Business, Cisco Systems. 

Also to support existing and new telco customers in accelerating their deployments, the California-headquartered technology multinational has already committed $5 billion to fund 5G networks building over the next few years. 

"In India, we have partnered with all leading service providers to help them prepare for the 5G era. We have partnered with Reliance Jio to build a first-of-its-kind, 5G-ready network. Along with Cisco, Jio aims to build the world's largest all-IP digital services platform,” Kaul said. 

"We believe that in the low-touch economy, infrastructure modernization, workplace transformation, and 5G will be the key growth drivers for Cisco over the next few years," the top executive said. 

Currently Cisco is said to have more than 125 active engagements with global customers on 5G. Also, close to 50 service providers  are actively testing and deploying its 5G offering dubbed as Cisco 5G Now solutions. 

The main focus of Cisco would be to significantly improve network availability and cost efficiencies for both—Jio and Airtel. 

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