Ericsson to buy cloud firm Vonage for $6.2 billion
By Simon Johnson, Reuters
Synopsis
“The transaction builds upon Ericsson’s stated intent to expand globally in wireless enterprise, offering existing customers an increased share of a market valued at $700 billion by 2030,” the company said.
ReutersStockholm: 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 wireless enterprise, offering existing customers an increased share of a market valued at $700 billion by 2030.”
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Ericsson to buy cloud firm Vonage for $6.2 billionBy Simon Johnson, ReutersLast Updated: Nov 22, 2021, 12:06 PM ISTSynopsis”The transaction builds upon Ericsson’s stated intent to expand globally in wireless enterprise, offering existing customers an increased share of a market valued at $700 billion by 2030,” the company said.ReutersStockholm: 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 wireless enterprise, offering existing customers an increased share of a market valued at $700 billion by 2030.” STARTUP ROCKSTARS IN 2021Sign-in to see our list of the most promising startups of 2021 Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.ETPrime stories of the day