Ericsson to Bring Cradlepoint Under Wing
Ericsson today announced its intended acquisition of Cradlepoint, bringing complementary wireless edge WAN LTE and 5G technologies into its existing 5G enterprise portfolio, which includes dedicated networks and a global Internet of Things platform.
In a prepared statement, Ericsson CEO Borje Ekholm said the acquisition is strategically important for enabling enterprises to continuing reaping value from 5G investments. The deal, valued at $1.1 billion, is expected to close before the end of the fourth-quarter 2020, Ericsson said.
