Cisco has acquired Navini Networks, which are a pioneer and leader in the Mobile WiMAX 802.16e-2005 broadband wireless industry.
Cisco acquired the company for approximately $330 million, excluding options.
The acquisition of Navini will help expand Cisco’s “Connected Life” vision to deliver any service to any device over any network. Cisco hardware, software, and service offerings are used to create the Internet solutions that make networks possible-providing easy access to information anywhere, at any time, and the acquisition is one firm step towards that commitment.
Cisco’s WiMAX technologies want to provide broadband connection to consumers and businesses in developing countries. This will result in many more internet users who can use economically high speed internet. And with Pakistan’s economy growing to aggressively compete in the international markets, redundant wireless online accessibility isn’t the only demand of the market.
Dr Aamir Matin, General Manager Cisco Systems in Pakistan, says “the market needs secure and feature-rich connectivity. WiMAX networks will enable communication devices such as the computer and cellular phones, to have their own form of identity via IP-based broadband which will allow a lot more information and data to be processed and transferred through these connections. Our companies are already competing in the international markets – our infrastructure has to match the business readiness.”
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