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Ericsson to buy cloud firm Vonage for $6.2 billion

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

November 22, 2021 / 11:58 AM IST
Ericsson said the settlement would impact operating profit (EBIT) by 80 million euros and cashflow by 26 million euros in the second quarter.

Ericsson said the settlement would impact operating profit (EBIT) by 80 million euros and cashflow by 26 million euros in the second quarter.

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."
Reuters
first published: Nov 22, 2021 11:58 am
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