Network gear maker Cisco Systems Inc said on Tuesday it would buy optical component maker Acacia Communications Inc for US$2.84 billion in cash, ...
REUTERS: Network gear maker Cisco Systems Inc said on Tuesday it would buy optical component maker Acacia Communications Inc for US$2.84 billion in cash, as it seeks to garner a bigger chunk of 5G spending by telecom companies.
According to Cisco's Visual Networking Index https://www.cisco.com/c/en/us/solutions/collateral/service-provider/visual-networking-index-vni/white-paper-c11-741490.html, global internet traffic is projected to more than triple to 13.2 exabytes per day in 2022 from 4.1 exabytes per day in 2017. Revenue in Cisco's infrastructure platform business, which includes switches and routers, rose 5per cent to US$7.55 billion in its third quarter. That business is expected to get a boost from 5G communication networks, but Cisco executives have said they do not expect an impact until 2020.
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