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Vonage shares jumped nearly 25% in premarket trading

Tiger Newspress2021-11-22

Vonage shares jumped nearly 25% in premarket trading.

Mobile telecoms equipment maker Ericsson said on Monday it had agreed to buy cloud communications firm Vonage for $6.2 billion.

The deal was the Swedish firm's biggest in years and follows its acquisition of U.S.-based wireless networking company Cradlepoint for $1.1 billion in 2020.

"The merger agreement was approved unanimously by the Board of Vonage," Ericsson said in a statement.

"The transaction builds upon Ericsson's stated intent to expand globally in wireless enterprise, offering existing customers an increased share of a market valued at $700 billion by 2030."

Vonage had sales of $1.4 billion in the 12-month period to Sept. 30 2021, with a margin on adjusted earnings before interest, tax and depreciation (EBITDA) of 14% and free cash flow of $109 million.

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评论7

  • HelloKitty55
    ·2021-11-22
    Ok
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    • Erikca
      Ok
      2021-11-22
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  • MHh
    ·2021-11-22
    What is brewing?[Glance] 
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  • JarenSin
    ·2021-11-22
    Looks like a potential opportunity to earn but don't hold beyond today.
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  • Vincent1123
    ·2021-11-22
    woaahh
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  • koolgal
    ·2021-11-22
    Another merger & acquisition in play with Vonage being acquired by Ericsson! 
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    • koolgal
      Thanks
      2021-11-22
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    • Cy0528
      Nice
      2021-11-22
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  • greenT
    ·2021-11-22
    Wow
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  • 財神發
    ·2021-11-22
    Like pls 
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    • HARU
      Ok
      2021-11-22
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    • Jojo888
      Wooo
      2021-11-22
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    • jc0110
      ok
      2021-11-22
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