Ericsson to acquire cloud firm Vonage for $6.2 billion
The merger agreement was approved unanimously by the Board of Vonage.
The merger agreement was approved unanimously by the Board of Vonage.
Mobile telecoms equipment maker Ericsson said on Monday it had agreed to buy cloud communications firm Vonage for $6.2 billion.
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"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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Updated: Mon, Nov 22, 2021
12:29 PM IST
12:29 PM IST
Reuters