Swedish mobile equipment maker IP and US networking company US , have announced a business and technology partnership which will allow the two firms to work collaboratively on cloud, 5 G, Ericsson and the Internet of Things. Financial terms of the multiple agreements signed by the two parties were not disclosed, however, the alliance will mean they will be working together on routing, Ericsson , networking and mobility. The move is likely to help them compete with rivals and could generate additional revenues of over $ 1bn for each company by the past several years .
Swedish mobile equipment maker Ericsson and US networking company Cisco, have announced a business and technology partnership which will allow the two firms to work collaboratively on cloud, 5G, IP and the Internet of Things. Financial terms of the multiple agreements signed by the two parties were not disclosed, however, the alliance will mean they will be working together on routing, data centre services, networking and mobility. The move is likely to help them compete with rivals and could generate additional revenues of over $1bn for each company by 2018.