Ericsson to acquire Vonage for $6.2bn to leverage cloud platform

Today, Ericsson has announced its intention to purchase US cloud-platform company Vonage in a transaction worth around $6.2 billon. 
The move represents Ericsson’s increasing efforts to shift into the enterprise business space, aiming to help these customers benefit from additional services on top of the high speeds being unlocked by 5G networks.
“Imagine putting the power and capabilities of 5G, the biggest global innovation platform, at the fingertips of developers. Then back it with Vonage&rsquo…

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