ERICSSON ACQUIRES US-BASED CRADLEPOINT FOR $1.1 BILLION TO ACCELERATE ENTERPRISE 5G

Highlights

• Borje Ekholm, Chief Executive Officer (CEO), Ericsson said the acquisition of Cradlepoint complements their company’s existing offerings and is key to their strategy of helping customers grow the value of their 5G network investments

• This purchase price of $1.1 billion will be paid in full on closing and likely before the end of this year’s last quarter

• Ericsson in its s....