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New Cisco Unit First Based Abroad

Posted Dec 26, 07 10:10 PM CST in Technology,  Business 

(Newser) – Dozens of new cities are to be built in China, India, and the Middle East in the coming decade and Cisco Systems wants to network them top-to-bottom, the Financial Times reports. The networking equipment giant is setting up a new business center in Bangalore, India, as part of its push to expand in the developing world.

As urban populations grow, Cisco hopes to cash in by convincing developers to leapfrog older technology and wire entire cities with cutting-edge Internet protocol systems. "There are millions of people in these countries who will be urbanized over the next ten years," a Cisco executive said. "This is clearly a multi-billion dollar opportunity."

Source Financial Times (UK)

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Cisco worker Sehjung Hah demonstrates Cisco's CRS-1 system at Cisco headquarters in San Jose, Calif., Monday, Nov. 5, 2007. Urban growth in China, India, and the Middle East means dozens of whole new...   (Associated Press)
A sign in the lobby of Cisco headquarters in San Jose, Calif. is seen Monday, Nov. 5, 2007. Cisco Systems Inc. is expected to announce its first-quarter earnings after the market closes on Wednesday....   (Associated Press)
Cisco Systems Inc. chairman and Chief Executive Officer John Chambers, center, waves as he arrives to inaugurate the Cisco Globalization Centre East in Bangalore, India, Tuesday, Oct. 30, 2007. U.S. networking...   (Associated Press)
Cisco worker Sehjung Hah plays with huge model of a working Cisco phone in the lobby of Cisco headquarters in San Jose, Calif., Monday, Nov. 5, 2007. Cisco Systems Inc. is expected to announce its first-quarter...   (Associated Press)
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