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The Associated Press

NEW YORK – (Nasdaq: CSCO) 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.

Cisco employs more than 4,000 people at its campus in Research Triangle Park, N.C.