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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Cisco Systems, Inc.    CSCO

CISCO SYSTEMS, INC.

(CSCO)
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Delayed Quote. Delayed Nasdaq - 01/22 04:00:00 pm
44.77 USD   -0.75%
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Cisco : Airtel Collaborates With Cisco to Launch India's First Automated Ethernet Over Fiber Network to Help More People Connect To, and Do More with the Internet

03/10/2020 | 07:19am EST

Companies continue multi-year relationship to bolster Airtel's 5G vision.

New network integrates Cisco IP and optical solutions along with segment routing to improve overall network availability and extend services in rural communities

Airtel's network already demonstrating significant speeds with scale to enable new, advanced B2B and B2C services

Bharti Airtel (Airtel), India's largest integrated telco, today announced its collaboration with Cisco to launch India's largest 5G-ready, 100G IP and optical integrated network designed to enhance network availability, capacity and scale. The deployment is part of Airtel's initiative to build a 5G ready network that continues to serve the growing demand for high speed data services in the country.

India is currently the world's second-largest telecommunications market with a subscriber base of 1.17 billion. Cisco's recent Annual Internet Report forecasts there will be 67.2 million 5G connections in India by 2023 (4.9% of total mobile connections), and 66% of all devices will be mobile connected by 2023, (34% will be wired or connected over Wi-Fi).

Airtel's network serves over 280 million mobile subscribers across 4G and 2G technologies. This new IP over Ethernet over Fiber network is the largest hyper-complex brownfield network transformation of its kind in India, collapsing multiple legacy domains to build a flatter, simpler and automated 5G-ready IP network for enhanced customer experiences. It integrates Cisco IP and optical solutions along with segment routing to more easily extend services in rural communities while significantly improving network availability and creating cost efficiencies.

The simple, flexible and self-healing architecture is built with an agile, programmable and software-defined platform to deliver exponential mobile internet growth. It has already realized significant speeds with scale to enable new, advanced B2B and B2C services. The open standards architecture with automation brings in efficiencies for new and legacy infrastructure, eliminating manual touchpoints in a brownfield environment.

'Airtel continues to transform its network to ensure greater availability and reach across India to deliver best-in-class mobile experience for our customers,' said Randeep Sekhon, CTO, Bharti Airtel. 'Our ongoing collaboration with Cisco is critical in helping us to be 5G-ready, collapsing multiple legacy domains to build a flatter, simpler and automated network with more bandwidth to support internet services and the endless growth in consumer and business applications people rely on every day.'

'Airtel is transforming its network to be modern, adaptable and scalable to accommodate the phenomenal mobile growth in India,' said Anand Bhaskar, Managing Director, Cisco Service Provider Business, India and SAARC. 'Together we are delivering a highly-scalable IP and optical network throughout India that enables broader mobile access to connect more people, and more businesses who can do more with the internet.'

Supporting Resources

Airtel and Cisco

Segment Routing

Cisco Annual Internet Report

For more information about Cisco service provider news and activities, visit the SP360 blog or follow us on Twitter @CiscoSP360and LinkedIn.

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide technology leader that has been making the Internet work since 1984. Our people, products, and partners help society securely connect and seize tomorrow's digital opportunity today. Discover more at newsroom.cisco.com and follow us on Twitter at @Cisco.

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.

Release Contacts

Sara CiceroPress

+1 770 236 2181 stutzes@cisco.comJennie OleanAnalyst

+1 978 936 0223 jolean@cisco.comEmily HuntInvestor

+44 20 8824 4283 emhunt@cisco.com

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
BHARTI AIRTEL LIMITED -0.71% 576.85 End-of-day quote.13.26%
CISCO SYSTEMS, INC. -0.75% 44.77 Delayed Quote.0.04%
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Financials (USD)
Sales 2021 48 835 M - -
Net income 2021 10 133 M - -
Net cash 2021 18 064 M - -
P/E ratio 2021 18,3x
Yield 2021 3,25%
Capitalization 189 B 189 B -
EV / Sales 2021 3,50x
EV / Sales 2022 3,27x
Nbr of Employees 77 500
Free-Float 99,9%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 49,95 $
Last Close Price 44,77 $
Spread / Highest target 45,2%
Spread / Average Target 11,6%
Spread / Lowest Target -8,42%
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Managers and Directors
NameTitle
Charles H. Robbins Chairman & Chief Executive Officer
Richard Scott Herren Chief Financial Officer & Executive VP
Chuck Churchill Director-Information Technology
Roderick C. McGeary Independent Director
M. Michele Burns Independent Director
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