Sweden’s Ericsson To Buy US Cloud Operator Vonage
Ericsson said Monday it was acquiring US cloud-based communications provider Vonage, in the Swedish company’s biggest acquisition in recent memory as it widens its operations beyond its traditional telecommunications equipment business. The $6.2 billion (5.5 billion euros) deal is part of Ericsson’s strategy to expand its presence in wireless enterprise and broaden its global offerings, …
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