Reportedly, Cisco Systems, Inc . (CSCO) has received conditional approval from China’s State Administration for Market Regulation over the Acacia Communications Inc deal. The approval stated the companies agree to continue to honor contracts with existing clients in China for the next five years from the effective date, informed the regulator in a release dated Jan. 14.
The requirement also states that the combined entity should continue to provide Chinese customers with access to its products “based on the principles of fairness, reasonableness, and non-discrimination,” as stated in the release.
The two firms had been in a legal dispute after Acacia canceled the deal because it said Cisco didn’t get sign-off from Chinese regulators ahead of a Jan. 8 deadline for closing the transaction.
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