Ericsson, Cisco team up to create networks of the future

Ericsson is partnering with Cisco Systems to develop telecommunications networks, the latest combination in the industry as equipment makers seek to expand their offerings to handle soaring Internet traffic. Ericsson in Stockholm, the biggest maker of wireless networks, and Cisco in San Jose, the largest maker of Internet-network gear such as routers and switches, said Monday they will cooperate in development and delivery of systems to telecommunications carriers and other customers. The companies predict added revenue of $1 billion or more each by the end of 2018 from the partnership.