Network equipment and services provider Ericsson will acquire enterprise cloud services company Vonage in a $6.2 billion deal, which it touts as fundamental to creating a cloud-focused platform centered on “open innovation” and the ability for its customers to monetize 5G in the enterprise.
Ericsson said that the buy “underlines [its] strategy to expand its presence in wireless enterprise and broaden its global offerings.” The acquisition is Ericsson’s largest-ever, and the deal is expected to close in the first half of 2022.
