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2021-11-22

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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 c

Vonage shares jumped nearly 25% in premarket trading

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