Ericsson Received Approval from Committee on Foreign Investments in the United States to Acquire Vonage

7/15/22 4:50:36 AM ET

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Ericsson (NASDAQ:ERIC) today announced that it has received clearance from the Committee on Foreign Investments in the United States (CFIUS) to complete its acquisition of Vonage Holdings Corp. (NASDAQ:VG) ("Vonage"). This represents the final requisite approval to complete the deal. The parties now expect the Merger to close no later than July 21, 2022, as provided for in the Merger Agreement.

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Recent Analyst Ratings for
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Company	Date	Price Target	Rating	Analyst
Ericsson $ERIC	1/31/2024		Neutral → Sell	UBS
Ericsson $ERIC	1/19/2024		Equal Weight → Underweight	Barclays
Ericsson $ERIC	12/8/2023		Hold → Buy	Jefferies
Ericsson $ERIC	11/30/2023	$7.80 → $5.90	Overweight → Neutral	JP Morgan
Ericsson $ERIC	2/7/2023		Outperform → Mkt Perform	Raymond James
Ericsson $ERIC	1/24/2023	$6.60 → $4.90	Neutral → Sell	Goldman
Ericsson $ERIC	1/10/2023		Outperform → Neutral	Exane BNP Paribas
Ericsson $ERIC	11/8/2022		Equal-Weight	Morgan Stanley

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Ericsson announces non-cash impairment charge mainly relating to Vonage
Non-cash impairment of SEK 11.4 billion to be recorded in the second quarter 2024, relating to the impairment of intangibles mainly attributed to the Vonage acquisitionReflects lower anticipated market growth in some of Vonage's current portfolioThe Ericsson strategy to build a new source of monetization for the telecom industry remains. Vonage is positioned at the center of digitalizing enterprises and society through the development of the Global Network Platform for network APIs; 12 partnerships with leading service providers have already been announced, with Singtel and Telstra added in Q2STOCKHOLM, July 3, 2024 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) today announces that, in accordance w
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Ericsson's Annual General Meeting 2024
STOCKHOLM, April 3, 2024 /PRNewswire/ -- Telefonaktiebolaget LM Ericsson's (NASDAQ:ERIC) Annual General Meeting (AGM) was held today on April 3, 2024 in Kista, Stockholm. Shareholders were also able to exercise their voting rights by post before the meeting. Adoption of the Income Statements and the Balance Sheets The AGM resolved to adopt the Income Statement and the Balance Sheet for the Parent company as well as the Consolidated Income Statement and the Consolidated Balance Sheet for the Group for 2023. Dividend The proposed dividend of SEK 2.70 per share was approved by the AGM. The dividend will be paid in two equal installments: SEK 1.35 per share with the record date Friday, April 5,
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Ericsson reports fourth quarter and full-year results 2023
STOCKHOLM, Jan. 23, 2024 /PRNewswire/ -- Fourth quarter highlights – Solid EBITA and cash flow in a challenged market Sales declined organically[1] by -17% YoY, driven by a -23% decline in Networks. Reported sales were down by -16% to SEK 71.9 b. Gross income excluding restructuring charges decreased to SEK 29.6 (35.7) b. Gross margin excluding restructuring charges was 41.1% (41.5%). Adjusted for the retroactive element in IPR revenues in Q4 2022 the gross margin increased YoY. Reported gross income was SEK 28.6 (35.6) b. with a gross margin of 39.8% (41.4%). EBITA excluding restructuring charges amounted to SEK 8.2 (9.3) b. with an EBITA margin of 11.4% (10.8%). EBIT excluding rest
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Ericsson targets high-performing programmable networks with new 5G Advanced software
High-performing programmable networks empower communications service providers (CSPs) to steer network behavior, aligning it with diverse business goals for optimal outcomesSeven new 5G Advanced software products for high-performing programmable networks will substantially increase revenue, elevate user experience, and improve operational efficiency5G Advanced strengthens radio access network (RAN) software portfolio with transformative technologies such as AI-powered RAN, intent-driven networks and Service-aware RANSTOCKHOLM, Oct. 31, 2024 /PRNewswire/ -- After building out 5G networks, communications service providers (CSPs) are ready to further harness the benefits of this technology. Tod
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Ericsson announces change to the Executive Team
STOCKHOLM, Oct. 29, 2024 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) today announces that MajBritt Arfert, the Company's Chief People Officer, will step down at the end of May, 2025. Mrs. Arfert has been with Ericsson for over 38 years and has been a member of its Executive Team the since autumn of 2016. A recruitment process will be initiated to appoint a successor. Börje Ekholm, President and CEO, comments: "MajBritt has been a valued member of the Executive Team for almost eight years and has been instrumental to where we are today as a company. We have come to an agreement that this is a good time for a change, as we are entering the next chapter of Ericsson's strategy. With her dedicated l
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Ericsson and MasOrange partner on European-first open programmable network integration
STOCKHOLM, Oct. 29, 2024 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) and MasOrange, Spain's largest communications service provider (CSP) by customer base, are embarking on a major five-year Open RAN-ready future-network partnership that will put the Spanish operator at the forefront of Europe's open and programmable networks. Under the deal, Ericsson will integrate Orange Spain's and MASMOVIL's existing networks. This will include supporting the consolidated MasOrange network through high-performing and sustainable network solutions designed for an increasingly open architecture. This approach enables greater flexibility, scalability, and innovation in network operations and service delivery. S
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Vonage Appoints Veteran Tech Executive Anthony Bartolo as Chief Operating Officer
Cloud communications leader with 30 years of experience driving operational excellence and scaling global businesses HOLMDEL, N.J., Oct. 16, 2024 /PRNewswire/ -- Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ:ERIC), today announced it has appointed Anthony Bartolo as Chief Operating Officer, effective immediately. Bartolo will report to Niklas Heuveldop, Vonage Chief Executive Officer and Head of Business Area Global Communications Platform for Ericsson. In this role, Bartolo will lead t
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Carolina Dybeck Happe resigns from Ericsson's Board of Directors
STOCKHOLM, Sept. 20, 2024 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) today announces that Carolina Dybeck Happe has decided to resign from its Board of Directors. Dybeck Happe has served on Ericsson's Board since 2022. The announcement follows the September 12 appointment of Dybeck Happe to the position of Executive Vice President and Chief Operations Officer with Microsoft. Jan Carlson, Chair of the Board of Directors, says: "I'd like to thank Carolina for her service on our Board and for her contributions and commitment to Ericsson. Her expertise and insights are greatly appreciated and respected and I wish her all the best in her new role." Börje Ekholm, President and CEO of Ericsson, says:
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Vonage Expands Salesforce Service Cloud Voice Offering with Bring Your Own Channel for CCaaS Solution
One of the first contact center providers to join Salesforce pilot program as a premier provider for Service Cloud Voice, now with the ultimate omnichannel solution HOLMDEL, N.J., Sept. 18, 2024 /PRNewswire/ -- Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ:ERIC), is one of the first contact center providers to join Salesforce's Bring Your Own Channel for Contact Center as a Service (BYOC for CCaaS) pilot program. With BYOC for CCaaS, Vonage Premier for Salesforce Service Cloud Voice customers will have the ability to integrate Vonage omnichannel and AI-powered capabilities into their existing contact
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Ericsson Received Approval from Committee on Foreign Investments in the United States to Acquire Vonage

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Vonage Appoints Veteran Tech Executive Anthony Bartolo as Chief Operating Officer

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SEC Form 4: Ward Jr Stephen M returned $90,552 worth of shares to the company (4,312 units at $21.00), closing all direct ownership in the company

SEC Form 4: Tzuo Tien returned $175,476 worth of shares to the company (8,356 units at $21.00), closing all direct ownership in the company

SEC Form 4: Rutherford Randy K. returned $3,659,607 worth of shares to the company (174,267 units at $21.00), closing all direct ownership in the company

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Ericsson downgraded by UBS

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SEC Form 6-K filed by Ericsson

SEC Form 6-K filed by Ericsson

SEC Form 6-K filed by Ericsson

SEC Form SC 13D filed by Ericsson

SEC Form SC 13G filed by Ericsson

SEC Form SC 13G filed by Vonage Holdings Corp.

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