CiscoZine » Starent Networks http://www.ciscozine.com Daily reporting on Cisco technology Mon, 06 Sep 2010 15:30:40 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Cisco to acquire Starent Networks http://www.ciscozine.com/2009/10/26/cisco-to-acquire-starent-networks/ http://www.ciscozine.com/2009/10/26/cisco-to-acquire-starent-networks/#comments Mon, 26 Oct 2009 17:05:50 +0000 Fabio Semperboni http://www.ciscozine.com/?p=737 Starent-Networks

On 13 October 2009, Cisco and Starent Networks announced a definitive agreement for Cisco to acquire Starent Networks. Starent Networks is a leading supplier of IP-based mobile infrastructure solutions targeting mobile and converged carriers. The Mobile Internet is at an inflection point as IP-enabled Smartphones and other connected mobile devices gain rapid acceptance. Service Providers have been actively investing in this market as global mobile data traffic is expected to more than double every year through 2013, according to the Cisco Visual Networking Index.

Under the terms of the agreement, Cisco will pay $35 per share in cash in exchange for each share of Starent Networks and assume outstanding equity awards for an aggregate purchase price of approximately $2.9 billion. The acquisition has been approved by the boards of directors of both companies.(...)
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