Ericsson has agreed to acquire Vonage 

Ericsson is focused on improving its position in the CPaaS market and expanding its 5G assets

Ericsson has agreed to acquire Voice over IP (VoIP) and B2B communications provider Vonage $ 6.2 Billion 

• Ericsson enters into an agreement for USD 6.2 billion cash offer to acquire Vonage, a global provider of cloud-based communications, with the unanimous approval of the Vonage Board of Directors
• The acquisition underlines Ericsson strategy to expand its presence in the wireless enterprise and broaden its global offerings
• Robust performance and growth prospects are built on Vonage Communications Platform (VCP), which delivers about 80% of Vonage’s total revenues and, serves more than one million registered developers globally
• Transaction expected to be accretive to Ericsson’s EPS (excluding non-cash amortization impacts) and free cash flow before M&A from 2024 onwards
• Closing expected in the first half of 2022, subject to Vonage shareholder approval, regulatory approvals, and other customary conditions