Oita Chuo Pacific Management Says Ericsson to Acquire Cradlepoint in $1.1 Billion 5G Deal

Oita Chuo Pacific Management analysts highlighted that Ericsson has agreed to acquire U.S.-based wireless networking firm Cradlepoint in a $1.1 billion deal, the Swedish networking and telecommunications company said on Friday, as part of its efforts to expand its 5G-related offerings for business customers.