Ericsson acquires US cellular network provider Cradlepoint for US$1.1bn

WORLD – Telecom company Ericsson has agreed to acquire Cradlepoint, the US-based market leader in Wireless Edge WAN 4G and 5G Enterprise solutions The acquisition price amounts to an enterprise value of US$1.1bn with the transaction expected to close before the end of quarter 4 of 2020, subject to merger clearance and other closing conditions. The investment is crucial to Ericsson’s ongoing strategy of capturing market share in the rapidly expanding 5G Enterprise space. Cradlepoint complements Ericsson’s existing 5G Enterprise portfolio which includes Dedicated Networks and a global IoT platform.…

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