Ericsson completes $6.2B acquisition of Vonage after clearing hurdles

Ericsson has finally completed its $6.2 billion acquisition of cloud communications provider Vonage after clearing some major hurdles.

The Swedish vendor first announced its biggest-ever acquisition in November last year.

Börje Ekholm, President and CEO of Ericsson, said: “The core of our strategy is to build leading mobile networks through technology leadership. This provides the foundation to build an enterprise business. The acquisition of Vonage is the next step...

22 July 2022 | 5G

Ericsson acquires cloud communications provider Vonage for $6.2B

Ericsson has entered an agreement to acquire cloud communications provider Vonage for $6.2 billion.

Ericsson intends to expand its wireless enterprise offerings globally and offer existing customers an increased share of a market that’s set to hit $700 billion by 2030. Ericsson’s acquisition of Vonage will help it achieve that goal.

Börje Ekholm, President and CEO of Ericsson, says:

“The core of our strategy is to build leading mobile networks through...

22 November 2021 | Telecoms