Thursday, December 14, 2006

Cisco Makes $50M Investment In China Communications

San Jose-based Cisco said yesterday afternoon that it has made a $50M strategic investment in China Communications Services Corporate Limited (CCS), a Beijing-based telecommunications provider. Cisco said that it will jointly work with CCS to provide managed telecommunications services to enterprise customers in China. Cisco said the investment was part of a $700M committment to venture funding Chinese startups.