Ericsson To Buy Cloud Firm Vonage In $6.2 Bln Deal

Swedish networking and telecom company Ericsson Monday announced its agreement to buy Vonage Holdings Corp., a cloud-based communications provider, for about $6.2 billion. Ericsson further said it continues with its previously announced financial targets, including long-term EBITA margins of 15 percent-18 percent. The company has a 2022 target EBIT margin of 12-14 percent for the Group excluding

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