NEW YORK, Feb 24 (Reuters) - Cisco Systems Inc (CSCO.O) will announce in March new technology for communications service providers to offer more advanced, high-speed Internet connections, a source familiar with the plan said on Wednesday.
The move comes as the U.S. Federal Communications Commission plans to demand faster Internet speeds as part of its National Broadband Plan to be unveiled on March 17.
Cisco said on Wednesday it will unveil technology on March 9 that will “forever change the Internet.” On its website, the network equipment maker said the change would show “what’s possible when networking gets an adrenaline boost.”
The company declined to elaborate, but the source said the technology would help telecom service providers like phone companies offer better, high-speed Internet service.
The FCC wants minimum Internet data transmission speeds of 100 megabits per second (Mbps) to 100 million homes within a decade, compared with current industry estimates of less than 4 Mbps.
Google Inc (GOOG.O) has also rattled the service provider industry with a plan to build a super-fast Internet network of its own.
Cisco is the world’s top maker of routers, switches, and other network equipment that help phone companies and corporations manage their networks and enable faster, more stable Internet connections.
Reporting by Ritsuko Ando; Editing by Richard Chang