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