Cisco Systems made its biggest bet to date that the demand for data transmitted to mobile devices will continue to soar, agreeing yesterday to pay $2.9bn in cash for infrastructure firm Starent Networks.
The deal continues a series of acquisitions by the networking group, which just two weeks ago announced a $3bn acquisition of Tandberg, a maker of video-conferencing equipment.
Starent also specialises in video, helping mobile carriers such as Verizon, Sprint and Vodafone manage clips headed for phones and other devices. It works on a variety of existing and developing mobile standards, serving networks operating in 45 countries.
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