Ericsson closes $6.2 bln Vonage deal after short delay

STOCKHOLM: Ericsson on Thursday closed its $6.2 billion Vonage acquisition, nearly a month after it was delayed due to a pending investigation by a U.S. national security panel.

The Swedish telecom gear maker is looking to tap Vonage’s communication platform to help developers create applications using network information, user authentication, bandwidth, responsiveness, energy efficiency, security and reliability.

Vonage will operate as an independent unit of Ericsson and its CEO Rory Read will join the Swedish’s company’s executive team.