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

  Categories: Notices Portfolio

  • Ericsson enters into agreement for USD 6.2 billion cash offer to acquire Vonage, a global provider of cloud-based communications, with unanimous approval of the Vonage Board of Directors
  • Acquisition underlines Ericsson strategy to expand its presence in 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

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