Cisco Systems plans to buy Starent Networks for about $2.9 billion as it sharpens its focus on mobile networks.
Under a deal announced Tuesday, Cisco will pay $35 per share in cash and assume outstanding equity awards for Tewksbury, Mass.-based Starent. The deal is expected to close in the first half of 2010.
Starent's products are designed to help service providers scale their mobile infrastructure and to manage access from 2.5G, 3G, and 4G radio networks to their packet core network. Its technology is deployed in CDMA2000 (1X, EV-DO), UMTS/HSPA, and WiMax networks.
Smartphones such … Read more