Ericsson to acquire Vonage for USD 6.2 billion to spearhead the creation of a global network and communication platform for open innovation

By • on November 30, 2021

The SymbianOne website reported that Ericsson has entered into an agreement for USD 6.2 billion cash offer to acquire Vonage, a global provider of cloud-based communications, Börje Ekholm, President and CEO of Ericsson, said: “The core of our strategy is to build leading mobile networks through technology leadership. This provides the foundation to build an enterprise business. The acquisition of Vonage is the next step in delivering on that strategic priority. Vonage gives us a platform to help our customers monetize the investments in the network, benefitting developers and businesses. Imagine putting the power and capabilities of 5G, the biggest global innovation platform, at the fingertips of developers.”

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