Cisco Systems Pulls Back From Smart City Push

The setback comes as the pandemic has weighed on Cisco’s core business of supplying networking equipment and has limited the ability of local governments to finance such projects.

City planners and local governments for years have been preparing for a future where technology remakes the urban landscape, with features such as self-driving cars, smart lighting and connected alarms to help safeguard residents. Communications using 5G technology blanketing the city would allow widespread adoption of smart devices.

For Cisco, best known for providing routers and other networking gear to corporate customers, that vision promised a budding new market. And the