Tag: Working Group Two

Cisco plans to acquire cloud-native mobile core developer Working Group Two

Posted on August 14, 2023 by - News

Cisco plans to acquire cloud-native mobile core developer Working Group Two for $150 million.

Cisco said the acquisition will enable it to bolster its mobility services platform to help operators launch new offers across IoT and industry verticals.

The outfit is run as a joint venture between Cisco and Norwegian telco Telenor after it was spun out by the carrier in 2017.
Once the transaction is complete, Working Group Two will be fully owned by Cisco, with the new owner acquiring Telenor’s 44.6 percent stake in the entity.