Press Release - November  2008

• EUR1.25m in financing already made available to Complete Telecom customers through Cisco
• Innovative loan and lease solutions help companies to invest in key infrastructure, even in difficult economic times, by balancing and adjusting capital and operational expenditure
• Complete Telecom finances more deals than any other Cisco Partner in Ireland

Dublin, 5th November 2008 – Complete Telecom, one of Ireland’s leading managed network and telecoms services providers, and Cisco, the worldwide leader in networking, today announced the completion of financing deals worth more than EUR1.25m in the last twelve months. Complete Telecom customers investing in solutions using Cisco technology are able to avail of financially attractive innovative loan and lease solutions to fund their purchases.

With most major banks short on capital liquidity, many companies are finding it difficult to get financing for investments in key infrastructure to help them improve their productivity and stay ahead of their competition. Cisco Capital is a wholly owned division of Cisco that acts as a captive bank – only lending to customers for Cisco led purchases. Cisco Capital is able to draw down extensive funds based on Cisco’s balance sheet for customer finance solutions, which means it’s not suffering the same credit restrictions as mainstream banks.

Cisco Capital can provide an extremely wide range of flexible terms and payment options and can bring a longer-term vision to the financing of technical solutions – building upgrades and transitions to next generation technologies into the initial solution. Finance is available for Cisco equipment, installation & maintenance and up to 30% of the cost of non-Cisco equipment used in the full solution. The leasing options mean companies can invest in infrastructure and services without the normal burden of extensive up-front capital costs.

As Cisco Premier Partner of the Year, Complete Telecom has taken a leading role in leveraging these arrangements for customers. The EUR1.25m of deals this year has included both finance leases and operating leases, and is the most arranged by any Cisco Partner in Ireland. Solutions funded have ranged from network infrastructure to digital media solutions.

Dave Curtis, leasing manager - Scotland & Ireland, Cisco Capital, said “Complete Telecom has recognised the great advantages available to its customers from using the financing solutions we can offer. Because of this, Complete customers are getting a better deal. They are also able to be much more flexible in how they implement their required solutions. Cisco Capital financing has even allowed some customers to apply much more extensive solutions than they initially thought viable.”

Neil Wisdom, sales director, Complete Telecom, said “Credit is hard to come by right now. Many companies are being forced to postpone essential investments – due to a temporary lack of capital budget or due to a lack of liquidity in the financial markets. Cisco has seen and solved that problem, and our customers are able to get long term cost and efficiency improvements without a large capital outlay.”

About Complete Telecom:
Complete Telecom is one of Ireland’s leading enterprise providers of managed network and telecoms services. Its all-fibre next generation network and extensive experience of converged network infrastructure means it can deliver fully integrated connectivity. Complete offers managed services to corporate clients, Government and telecommunications carriers. Since its formation in 2001, Complete Telecom has grown to become a leading force in the market, with operating profit in every year since inception. For more, see www.complete.ie

About Cisco:
Cisco (Nasdaq: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at www.cisco.com for ongoing news, please go to http://newsroom.cisco.com

Press Contact
Seán Walsh
Comit
t: +353 1 215 7673
e: swalsh@comitmarketing.com
w: www.comitmarketing.com