Ericsson to acquire Vonage for USD 6.2 billion to spearhead the creation of a global network and communication platform for open innovation
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.
• Ericsson Intelligent Automation Platform is an open service management and orchestration product that will help communications service providers optimize network performance, enable operational efficiency and deliver enhanced customer experience • Delivers service management and orchestration functionalities in line with Open RAN principles, taking automation forward with support for diverse vendors and multiple radio access network technologies • Enables ecosystem innovation through an open software development toolkit empowering CSPs and third parties to develop applications (rApps) with new services
Vilim Primorac, president of the Management Board of HT Mostar, and Gordana Kovačević, president of Ericsson Nikola Tesla, signed contracts in Mostar worth more than MHRK 31, for the upgrade and expansion of LTE RAN network, expansion of transmission network, as well as software upgrade and the system expansion for HT Mostar’s wireline switching.
Categories: Business Results
The pivotal role that the digital infrastructure plays in delivering critical societal, economic and governmental functions has become clearer than ever before as a result of the COVID-19 pandemic. There is now a high level of awareness in both business and society that availability, reliability, affordability and sustainability are all essential aspects of the digital infrastructure that must be ensured in both the short and long term. At the same time, the cyberphysical convergence is picking up speed, highlighting the need for advanced network technologies to support use cases that blur the boundaries between physical and digital realities.