NEC Extends Cisco Partnership For Universal Positioning Of 5G IP Transport Network Solutions - Cisco Systems (NASDAQ:CSCO)

NEC Corporation and Cisco Systems Inc CSCO agreed to extend theirs over two decades partnership for fast-tracking the global deployment of innovative 5G IP transport network solutions.
The companies will drive new business opportunities for 5G under the arrangement.
NEC group companies will work with Cisco to match NEC's ecosystem with improved IP metro/access transport and edge cloud computing solutions. Cisco will support NEC's customer engagements through cutting-edge products, proposals, and execution support.
NEC's network integrator expertise in both the IT and network domains, united with Cisco's advanced 5G solutions portfolio, could be a major value addition to the 5G ecosystem. NEC and Cisco collaborate to drive their joint solution portfolio and regional activities for global digital transformation.
Price action: CSCO shares closed lower by 0.49% at $51.77 on Wednesday.