Cisco Systems, a U.S. networking giant, announced plans to build an innovation center in Puerto Rico to develop advanced telecom technology solutions.
According to local news portal El Vocero, the U.S. overseas territory will be one of three countries in the Americas chosen by Cisco as part of its program called ‘ technological acceleration in telecommunications. ‘
Cisco said at last week’s Mobile World Congress in Barcelona that the innovation center will position the island as a Latin American telecom innovation laboratory. The American company has set aside US$ 130 million for Puerto Rico, saying that in the next 60 days it will start working on the project.
Sandra Torres López, President of Puerto Rico’s Telecommunications Bureau, said the investment by Cisco will’ foster an era of digital transformation.’ “Technology democratization and access to information is vital to achieving people and Puerto Rico’s economic development and prosperity.”
A team of experts will be set up by the telecom office, who will work with Cisco. After hurricane Irma and María left a long trail of destruction, the American company is one of a few global networking companies working hard to restore telecom services in the country.