“The carriers today are building the consumer 5G networks, and they don’t require a massive backbone upgrade when you just increase bandwidth to lots of mobile phones.”

Cisco CEO Chuck Robbins stopped by Fox Business’ Mornings with Maria to discuss 5G, intellectual property and reports of China bullying companies.

“When they begin to build out enterprise 5G services, then that will require them to build a dedicated, next generation, high-performance backbone because of all the traffic that will be generated and…that will be over the next two to three years. So right now, they are focused on the radios needed for the consumer side.

“If you think about the speeds that are going to be supported at the edge, and the number of those connections, it’s only logical that you’re going to have to update…your infrastructure to accommodate all the bandwidth that’s going to be…given out around the world. So we would expect to ultimately be a beneficiary of that when it happens.”

Mr. Robbins goes on to discuss the challenges the world is facing economically, emphasizing his belief that the economic slowdown is a global one, not isolated to the U.S.

While highlighting that intellectual property theft is by no means unique to the Chinese market, Mr. Robbins was adamant that respect for intellectual property needs to be a fundamental aspect of doing business.

“The lack of theft should be a core principle in every country around the world….I think that’s a broad issue that should just be a basic premise of doing business around the world, is that your intellectual property should be respected.”

He also discussed recent reports of companies being bullied by the Chinese government. While he said Cisco has never been able to reach the level of business they would like to within the country, they had never felt bullied by China.

https://video.foxbusiness.com/v/6094650754001/