News center

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

   Full text…


Search news


Filter by categories


Tags navigation

  Top of page