Operators have voiced their support for a new tie-up announced by Ericsson and Cisco.

The two vendors have announced a business and technology partnership in a bid to generate $1 billion (€927 million) of new revenues by 2018.

The agreement covers routing, data centre, networking, cloud, mobility, management and control, and global services capabilities.

The companies said they would target other service providers first, followed by other verticals.

[Read more: Ericsson and Cisco combine smarts for “networks of the future”]

The partnership comes as Nokia and Alcatel-Lucent are set to merge and Huawei was ranked as the leading telecoms vendor.

Ericsson saw like-for-like revenues fall nine percent in the third quarter due to lower sales at its networks division.

Cisco saw sales rise four percent in the three months to July, its most recent publicly-available figures.

In the press release sent out by Cisco and Ericsson, the partnership was backed by the senior execs of Vodafone, AT&T and Verizon.

Vodafone CEO Vittorio Colao said: ”We welcome the partnership between Ericsson and Cisco which we believe will accelerate the pace of innovation across the communications industry as ultrafast networks, cloud services, and the Internet of Things become increasingly central to our customers' needs.”

Randall Stephenson, Chairman and CEO of AT&T added: "Cisco and Ericsson's announcement further reinforces the importance of seamlessly integrating IP and wireless solutions.

“This type of initiative is in line with the plans and investments we've laid out over the last four years for integrated solutions."

Meanwhile, Roger Gurnani, EVP and Chief Information and Technology Architect at Verizon Communications, said: "This global partnership has the potential to reshape the industry.

“We are excited about working with Ericsson and Cisco, and look forward to a partnership that will accelerate the development of new wireless technologies."

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