Ericsson Acquires 5G Solutions Company

Ericsson has completed its acquisition of Cradlepoint, a Wireless WAN Edge 4G and 5G solutions company. The investment is key to Ericsson’s ongoing strategy of capturing market share in the rapidly expanding 5G enterprise space. Through Cradlepoint’s solutions, companies can connect sites, vehicles, mobile workforces, and IoT devices in a simple and secure way of using cellular technology. By leveraging the combined offering, Ericsson will be able to create valuable new revenue streams for its customers by supporting 5G-enabled services for enterprise and boost returns on investments in the network. Cradlepoint will operate as a stand-alone subsidiary within Ericsson and continue to build on the current market momentum as 5G is speeding up digital transformation and increasing the need for...