Ericsson to buy cloud firm Vonage for $6.2 billion - NewsBreak

Home > Business
By Hardik in Business
Updated 2 years ago

Stockholm — Mobile telecoms equipment maker Ericsson (ERIC) said on Monday it had agreed to buy cloud communications firm Vonage (VG) for $6.2 billion. The deal was the Swedish firm's biggest in years and follows its acquisition of US-based wireless networking company Cradlepoint for $1.1 billion in 2020. "The...

ericsson-to-buy-cloud-firm-vonage-for-6-2-billion-newsbreak