Cisco buys Mobile Broadband Equipment maker firm Starent Networks for $2.9 Billion
October 13, 2009 by uttoransen
Filed under Tech News
Cisco is on a heavy acquisition mode; this is their second acquisition for this month and a strong one. Cisco, the network equipment giant had decided to buy out the mobile equipment making, “Starent Networks” for a huge $2.9 Billion. The price of the deal is based on a premium of 21% over the Monday’s closing share prices. Cisco’s plan is to tap the growing smartphone market, which requires high-speed Internet access.
