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Cisco Announces $1 Billion Initiative to Fund Smart Cities

To help city planners adopt technologies that will transform their communities globally, Cisco has announced a $1 billion programme. Under the “City Infrastructure Financing Acceleration Programme”, the funding will be provided through Cisco Capital, Cisco Systems’ investment arm, in partnership with private equity firm Digital Alpha Advisors and pension fund investors APG Asset Management (APG) and Whitehelm Capital.

Source: News18