Cisco China recently announced its ratification of a cooperation agreement with China Mobile (News - Alert) Communications Corporation (CMCC) and China Construction Bank (CCB). The agreement, which was signed in Washington, was a result of discussions at the border of the Strategic Economic Dialogue between China and the United States.
According to the agreement, CMCC, a global provider of mobile phone, will purchase Cisco’s (News - Alert) data network equipment and services. It will also assist Cisco on an Internet Protocol over wavelength-division multiplexing project.
Cisco was founded in 1984 by a small group of computer scientists from Stanford University. The company is a worldwide supplier of IP-based networking equipment and network management for the Internet. In China, Cisco equipment is supplied by Cisco Systems (News - Alert) International BV which is a wholly owned subsidiary of Cisco Systems.
“It's a great honor for Cisco to be a key participant in the signing of economic and trade deals between China and the United States," remarked John Ng, senior vice president and general manager of service provider operations, Cisco China.
"Cisco has cooperated with CMCC and CCB over the years, and is committed to becoming a trustworthy partner of local customers. The two deals signed today have further proved that Cisco's leading technologies, products and solutions have been fully recognized by customers and also demonstrates Cisco's strong commitment to the Chinese market and customers in the long run," he added.
CCB, which is also known as one of China's "big four" banks, in collaboration with Cisco, will construct a core network for the bank as well as a data center at its head office.
Both CMCC and CCB will additionally work towards the deployment of the Cisco TelePresence system.
"The Chinese market is of strategic importance to Cisco," commented Thomas Lam, president of Cisco China.
"Cisco will further implement its $16 billion multiyear innovation and sustainability initiative in accordance with our corporate strategy in the country over the next stage. We will actively participate in and help with the development of the information industry in China, in order to achieve a win-win with the local industry," added Lam.
Shireen Dee is a contributing editor for TMCnet. To read more of Shireen’s articles, please visit her columnist page.