Ericsson, Cisco ink strategic network partnership

Nov 9 2015, 04:09 ET | By: Yoel Minkoff, SA News Editor 

Dubbing it the "Networks of the Future," Ericsson (NASDAQ:ERIC) and Cisco (NASDAQ:CSCO) have agreed to create a partnership expected to be a key driver of growth and value for the next decade and generate revenues of $1B for each company by 2018.

According to a press release, the multi-faceted relationship will offer customers the best of both companies: routing, data center, networking, cloud, mobility, management and control, and global services capabilities.