Smart Cities Program Brings Cisco Systems, Inc. (NASDAQ:CSCO), AT&T Together

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Cisco Systems, Inc. (NASDAQ:CSCO) and AT&T Inc. (NYSE:T) are getting deeper together in the efforts to build smart cities and campuses. The companies reaffirmed their commitment to the Smart Cities initiative at the CES 2016. For Cisco, the smart cities program is only a part of its Internet of Things (IoT) strategy.

Cisco Systems, Inc. (NASDAQ:CSCO) is aware that many people and businesses still think of it as only a vendor of networking gears. Of course, networking gears remain Cisco’s core operation area, but the company is steadily transforming itself and it doesn’t miss an opportunity to update on the progress of its transformation.

At the ongoing CES 2016, Cisco’s representatives discussed what the company is up to in the IoT space and why it is building connectivity-themed alliances left, right and center. It terms out that Cisco is currently focused on building partnerships with telcos, broadcasters and other media companies. That is where AT&T fits in with its Smart Cities program.

Smart Cities initiative

AT&T is in the process of creating a framework that it says will allow cities to serve their residents better. Towards that end, the carrier is keen to get involved with technology leaders and Cisco Systems, Inc. (NASDAQ:CSCO) is one of them. Others are the International Business Machines Corp. (NYSE:IBM), General Electric Company (NYSE:GE), and Qualcomm, Inc. (NASDAQ:QCOM). For AT&T, the Smart Cities initiative goes far beyond simply modernizing a city, but also building smart campuses.

Smart video delivery system

For Cisco, the IoT agenda stretches far beyond AT&T’s Smart Cities program. The company has recently inked a number of IoT-themed deals, some of which involve simplified on-demand delivery of video content over-the-top or on local networks. Towards that end, Cisco has been acquiring strategic assets. The company recently purchased 1 Mainstream, a cloud video startup.

Cisco Systems, Inc. (NASDAQ:CSCO) is also working with Charter Communications, Inc. (NASDAQ:CHTR) on a next-generation video platform that will boost the latter’s video delivery existing systems.

Neha Gupta

Neha Gupta has been in the financial space for over six years now. Gupta earned her MBA degree from Symbiosis Centre of Distance Learning in 2009 and her passion for finance led her to pursue Chartered Financial Analyst (CFA) course. She has successfully completed Level II of her CFA. She is a veteran in article writing, which is depicted in her numerous pieces published on SeekingAlpha, Nextiphonenews, InsiderMonkey, MarketWatch, and Techinsider. Her crisp and eloquent writing finds its best place in Researchcows, where emphasis is given on developing rich content for various websites, products, business plans, trainings, and book writing.

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