Ericsson buys Cradlepoint

Ericsson is to buy Cradlepoint, the US Wireless Edge WAN 4G and 5G Enterprise specialist, in a deal with an enterprise value of $1.1 billion. The investment  is aimed at increasing market share in the 5G Enterprise market. Cradlepoint’s sales for 2019 were $137 million with a gross margin of 61%. Ericsson’s operating margins are expected ...

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