Ericsson to buy cloud firm Vonage for $6.2 billion

Industry:    2021-11-23

Mobile telecoms equipment maker Ericsson said on Monday it had agreed to buy cloud communications firm Vonage for $6.2 billion.

“The merger agreement was approved unanimously by the Board of Vonage,” Ericsson said in a statement.

“The transaction builds upon Ericsson’s stated intent to expand globally in the wireless enterprise, offering existing customers an increased share of a market valued at $700 billion by 2030.”

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