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Telecomunicaciones y tecnología

Cisco to invest, lend $500 million in Skouras


    SEOUL (Reuters) - Cisco Systems Inc plans to invest or lend about $500 million in telecom operators and technology infrastructure in South Korea over the next five years, the country's presidential office said on Tuesday.

    The presidential office also said in a statement that Cisco was expected to establish a global research center in South Korea and contribute to a city planning project, for a total investment expected to be higher than the $1.1 billion Cisco previously invested in its Indian research complex, without specifying a time frame.

    Cisco declined to comment on the statement.

    (Reporting by Rhee So-eui and Marie-France Han; Editing by Jonathan Hopfner)