Sweden’s Ericsson gets US approval to buy cloud comms firm Vonage

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DPA

Swedish telecom giant Ericsson has said that it has received final approval from the authorities in the US to acquire a cloud communications provider Ericsson said on Friday that it has received necessary approval from the Committee on Foreign Investments in the US (CFIUS) to complete the acquisition of Vonage Holdings Corporation, which is based in New Jersey. Both parties have now received the final requisite approval to complete the proposed transaction, expected to be closed no later than July 21. Last year, Ericsson had inked a deal to buy Vonage for an enterprise value of $21 per share o…

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