Cisco Eyes Mobile Internet With $2.9 Billion Starent Acquisition

by admin October 13, 2009 at 4:20 pm

Cisco has announced they’ll be acquiring Starent Networks in a deal worth approximately $2.9 billion. The deal is expected to close during the first half of 2010; the two companies will continue to operate as separate entities until then.

When the deal is completed – which could be prolonged by regulatory reviews and customary closing conditions – Starent Networks will become the new Mobile Internet Technology Group at Cisco, led by Starent Networks’ President and Chief Executive Officer Ashraf Dahod.

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