14 Oct Cisco has a $5-billion plan for networks building, deployments
US-based networking company Cisco Systems is planning innovative finance options for the fifth generation or 5G network deployments by Indian telecom operators in India, as part of the $5 billion (about Rs 37,000 crore) it has earmarked globally.
“We will bring innovative financial solutions on top of cutting-edge technology to telecom service providers. We are already engaged with India’s leading telcos to get their network architectures ready for 5G,” Sanjay Kaul, president, Asia Pacific and Japan at Service Provider Business, Cisco Systems, told ET.
The California-headquartered technology multinational has already committed $5 billion to fund 5G networks building over the next few years to support existing and new telco customers in accelerating their deployments.
Cisco, according to the executive, is also partnering with telcos in their go-to-market (GTM) strategies to create compelling cloud-delivered offerings for enterprises of all sizes, including small-and-medium sized ones.
“In India, we have partnered with all leading service providers to help them prepare for the 5G era. We have partnered with Reliance Jio to build a first-of-its-kind, 5G-ready network. Along with Cisco, Jio aims to build the world’s largest all-IP digital services platform,” Kaul said.
In March 2020, the US networking major collaborated with Bharti Airtel to deliver a high-scale, converged IP and optical network that could reduce cost per bit significantly, and enhance service agility and customer experience.
The multinational aims to significantly improve network availability and cost efficiencies for both—Jio and Airtel.
However, following the Covid-19 outbreak, India’s technology spending has slowed down while spectrum sale that included 3300-3600Mhz radiowaves for 5G roll out have also been further dragged to 2021. Indian telcos like Airtel have said the country could afford to wait till 2022 for 5G roll out, by when the ecosystem, including for handsets and India-specific use cases would have been developed.
“We believe that in the low-touch economy, infrastructure modernization, workplace transformation, and 5G will be the key growth drivers for Cisco over the next few years,” the top executive said.
Cisco has more than 125 active engagements with global customers on 5G, and close to 50 service providers are actively testing and deploying its 5G offering dubbed as Cisco 5G Now solutions.