Wednesday, May 6, 2009

Cisco Signs China Telecom, China Mobile, and China Construction Bank

Cisco signed new framework agreements with China Telecom, China Mobile, China Construction Bank at the China-U.S. Strategic Economic Dialogue held last month in Washington. Financial terms were not disclosed.

"In the face of a challenging macro-economic environment, our commitment to China remains unchanged," said Owen Chan, president of Cisco Asia Pacific Operations. "We are highly honored to be one of the main companies involved in this round of China-U.S. economic cooperation, and these agreements are a testament to our commitment to and confidence in the country. Close collaboration with these important customers is aligned with Cisco's focus on creating win-win situations with local industry."