[lbo-talk] Cisco to invest up to $275 million in Turkey

uvj at vsnl.com uvj at vsnl.com
Fri Sep 29 09:00:48 PDT 2006


Reuters.com

Cisco to invest up to $275 million in Turkey http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2006-09-26T124224Z_01_WEN5948_RTRIDST_0_TELECOMS-CISCO-TURKEY-URGENT.XML&rpc=66&type=qcna

Tue Sep 26, 2006

NEW YORK, Sept 26 (Reuters) - Cisco Systems Inc. (CSCO.O: Quote, Profile, Research) on Tuesday said it would invest up to $275 million to promote technology projects in Turkey over a five-year period.

The program includes increasing Cisco personnel in the country to 400 employees from 80, establishing an institute to foster entrepreneurial ventures and providing network technology to help connect smaller businesses and communities.

Cisco, the largest U.S. network equipment maker, set up operations in Turkey in 1996 and has offices in Istanbul and Ankara.

© Reuters 2006. All Rights Reserved.



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