In the latest sign of its continuing efforts to establish itself as a leading global 5G solutions provider, Ericsson has acquired the US firm Cradlepoint.
Offering multiple cellular connectivity technologies, Cradlepoint has been focused on the enterprise market and has also aimed solutions at first responders. It is now being integrated into Ericsson’s Business Area Technologies and New Businesses unit, thanks to a $1.1 billion transaction.
As VentureBeat reports, Cradlepoint notably launched a 5G-ready router in May that is designed to let businesses ditch broadband in favor of fully wireless connectivity based on W-Fi 6, thanks to upgradeable modem modules. The company has also partnered with Verizon on 5G services, and with AT&T on 5G-ready mobile routers.
Ericsson has itself worked with both telecoms on 5G technologies, among others. The company recently completed a test of technologies supporting a pop-up 5G tower in partnership with Verizon in July, to take one example of its many efforts in this area.
In an online keynote speech as part of Ericsson’s UnBoxed Office event program earlier this year, Ericsson CEO Börje Ekholm emphasized the importance of pushing ahead with 5G deployments, urging government authorities to incentivize investment in the wireless technology.
5G is expected to play a pivotal role in further accelerating the development of Internet of Things devices, and in facilitating the ongoing wave of digitization across various sectors.
Now, as a part of Ericsson and its global 5G mission, Cradlepoint will retain its brand name and its existing base of employees at its headquarters in Idaho.
Source: VentureBeat
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