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Ericsson's proposed €6.200 billion acquisition (opens in a new tab) of cloud-based communications specialist Vonage has been delayed due to an investigation by the US Committee on Foreign Investment.
The Swedish telecoms equipment giant had hoped to close the deal in the first half of 2022, but now expects the deal to close next month. He added that he was working closely with the authorities and had no reason to believe there would be any complications.
"The merger met all other US and foreign regulatory approval requirements, and the parties are working to complete the regulatory process as quickly as possible," he said.
"Ericsson and Vonage remain fully committed to this transaction and are working to close before the end of July 2022."
Wireless power
Ericsson hopes the acquisition will enable it to bring more of its 5G technology and expertise to the enterprise market and expand its overall commercial portfolio.
“We are hiring an additional 250 software developers, engineers, and architects with cloud-native skills to enhance our ability to deliver the benefits of cloud-native technologies to our global customer base through our RAN, management, automation and orchestration,” the company said. .
Ericsson is a leading Network Equipment Provider (NEP) looking to supply mobile operators as they advance their 5G deployments. The development of cloud-based and software-defined technologies, including RAN, is critical to this business.
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