October 15, 2008 / 5:38 PM / 11 years ago

Cisco to rent out TelePresence video conference rooms

NEW YORK (Reuters) - Cisco Systems Inc began renting out high-definition video conferencing rooms to the public on Wednesday, aiming to broaden the use of a system that helps executives cut back on travel.

Cisco said it was now renting out rooms equipped with its TelePresence high-definition video screens with built-in microphone and camera lenses for $299 to $899 an hour.

The rooms will be available in Santa Clara, California, as well as in some Taj Hotels in India, Boston and London through a partnership with Taj Hotels and Tata Communications.

The price depends on the size of the room, the largest of which can accommodate 18 people. Companies currently can buy TelePresence units for around $34,000 to $300,000 each.

There will be more than 100 rooms available by the end of 2009, including in New York’s Pierre Hotel, Cisco said.

Reporting by Ritsuko Ando; Editing by Lisa Von Ahn

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