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Ericsson snaps up cloud firm Vonage in $8.56 billion deal

By Supantha Mukherjee and Helena Soderpalm

Nov 23 2021 3:38AM

Moves to broaden its 5G portfolio.

Ericsson snaps up cloud firm Vonage in $8.56 billion deal

Ericsson has agreed to buy cloud communications firm Vonage in a US$6.2 billion (A$8.56 billion) all-cash deal, as the telecom gear maker moves to broaden its 5G portfolio. The deal, one of the largest in Ericsson's history, follows its US$1.1 billion (A1.5 billion) purchase of Cradlepoint ...

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