US approves Vonage acquisition of Ericsson for $6.2 billion

Swedish telecom equipment giant Ericsson AB said the Committee on Foreign Investment in the United States had cleared its proposed $6.2 billion purchase Vonage Holdings Corp. paving the way for the deal to be completed next week.

Ericsson said it now expects to complete the merger by Thursday, ahead of its previous guidance from late July. A spokesperson for the Treasury Department, which leads the Cfius panel, did not immediately return a request for comment.


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