Vonage
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Ericsson continued its move from a telecoms equipment vendor to becoming a service provider last night when it completed its US$6.2 billion acquisition of Vonage. -
Ericsson has received clearance from the Committee on Foreign Investments in the US (CFIUS) to complete its acquisition of Vonage Holdings.
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Ericsson’s sales were up 14% in the second quarter of this year, well up on last year’s reported increase of 8%.
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Ericsson’s US$6.2 billion takeover of Vonage Holdings Corp has been delayed until the end of July, pending an investigation by a US national security panel.
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The board of directors at Vonage has unanimously accepted an all-cash offer from Ericsson to acquire the company.
