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Broadband Briefs for 12/18/09

Fri, 12/18/2009 - 7:00am

• Cisco closes $2.9B deal for Starent
By The Associated Press

NEW YORK (AP) – Cisco Systems Inc. said Friday it has completed its $2.9 billion acquisition of Starent Networks Corp.

Cisco, the world's largest maker of computer networking gear, paid $35 per share in cash for Starent, a company based in Tewksbury, Mass., that makes equipment used by telecommunications carriers to tie their wireless networks to the Internet.

Shares of Cisco, which is based in San Jose, Calif., were up 5 cents to $23.23 in pre-market trading.

More Broadband Direct 12/18/09:
•  Sony preps 3-D TVs; MSO delivers 3-D content
•  Broadband stimulus funds begin to flow
•  Comcast tops 100 movies for same-day release as DVDs
•  TVMax launches TiVo HD DVRs via Evolution Digital
•  Thomson files for U.S. bankruptcy protection
•  Report: Hulu working on international reality show
•  Private equity firms buy Airvana for $530M
•  Reports: Telecoms face growing competition next year
•  AdMob: iPhone, Android, Wi-Fi big in November
•  Oracle expects EU to approve Sun deal next month
•  Broadband Briefs for 12/18/09
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