November 22 - 10:11
Ericsson to pay $6.4bn for cloud communications company Vonage
Ericsson is to acquire cloud communications firm Vonage for $6.4bn. Vanage's API-led approach to software connectivity will allow Ericsson to broaden its services for customers as 5G becomes more widespread. "Customers will be able to better monetise investments in network infrastructure by creating API-driven revenues," said Ericsson's CEO. The deal is one of the biggest in Ericsson's history.
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