Cisco Systems Inc (CSCO) Partners With AT&T. It’s About Cars

Cisco Systems Inc (NASDAQ:CSCO) is one of billionaire Ken Fisher’s top high growth stock picks. In the past month, Cisco shares have soared more than 20%. The stock is up more than 58% year-to-date.

Cisco Systems Inc (CSCO) Partners With AT&T. It’s About Cars

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Cisco Systems Inc (NASDAQ:CSCO) has landed a role in AT&T’s in-car entertainment platform. The arrangement involves Cisco providing multi-party billing capabilities on the platform, according to a June 3 press release. The solution that Cisco brings is designed to streamline how partners work together on that platform.

AT&T provides a platform designed to make it easy for automakers to offer in-car entertainment as part of connected vehicle offerings. This platform gives automakers the flexibility to offer individual content experiences or bundled packages. The AT&T platform provides a single interface for automakers and content providers to deploy in-car infotainment experiences.

AT&T reached out to Cisco to simplify billing across the platform. Cisco will offer its SIM management technology to the platform to enable multi-party billing capabilities. With this, different content providers can independently manage their service relationships and connectivity on the same vehicle-embedded SIM. This integration is meant to make the in-car entertainment rollout more efficient.

Cisco Systems Inc (NASDAQ:CSCO) provides technology for networking infrastructure. These include routers, switches, wireless access points, and software that connect computers and data centers globally. The company also provides cybersecurity services, collaboration tools, and billing technology.

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