Operations Support Systems Initiative to Transform Delivering Next Generation Network (NGN) Services Across Multi-Vendor and Convergent Networks

NICE, FRANCE -- (MARKET WIRE) -- May 21, 2007 -- TeleManagement World (Nice, France) -- Cisco® (NASDAQ: CSCO) and Nokia Siemens Networks entered into an agreement to develop a standards-based telecommunications network management platform that will help service providers manage the increasing complexity of their networks and speed time to market of new services. With the increasing challenges associated with delivering converged services across multi-vendor networks and the high cost of custom integration, the jointly developed Operations Support Systems (OSS) platform will help the entire service provider community better align network capabilities and costs with business demands.

The two companies are committed to long-term cooperation, bringing together Cisco's strong Internet Protocol (IP) competence and Nokia Siemens Networks' solid end-to-end telecommunications capability, as well as extensive research and development (R&D) and economic resources from both companies.