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Local Tech Wire
RESEARCH TRIANGLE PARK, N.C. – (Nasdaq: CSCO), the world’s largest communications gear maker, is planning its own ultrafast broadband network along with service providers, according to various reports.
The network will answer plans by Google. The search engine giant that would run at 1 gigabit per second.
According to the Financial Times, Cisco is expected to on March 9, just days before the Federal Communications Commission announces its own strategy for expanding broadband across the country.
Cisco reportedly is working with AT&T, Comcast and Verizon.
Cisco would not discuss its plans with the newspaper, but a spokesperson did say that the United States "needs high-speed, future-proof broadband networks that are accessible and affordable to all" and that it "looks forward to being part of this exciting transformation.”
Reuters also reported the story.
Cisco employs more than 4,000 people at its campus in RTP.
