Monday, September 21, 2020

Cradlepoint buy nets Ericsson 5G infrastructure for carriers, enterprises

Ericsson’s purchase of wireless WAN vendor Cradlepoint means that the Sweden-based networking powerhouse is targeting growth in the 5G and edge markets, according to experts.

The deal, valued at $1.1 billion, will see Cradlepoint become a fully owned subsidiary of Ericsson, part of the larger company’s Business Area Technologies and New Business division

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Thanks to Jon Gold (see source)

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