STOCKHOLM, June 28, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) continues to work closely with the Committee on Foreign Investment in the United States as it reviews its proposed acquisition of Vonage Holdings Corp. (NASDAQ: VG). The merger has cleared all other requisite foreign and US regulatory approval requirements, and the parties are working to conclude the regulatory process as expeditiously as possible. Ericsson and Vonage remain fully committed to this transaction and are working towards closing before end of July, 2022.

NOTES TO EDITORS

FOLLOW US:

Subscribe to Ericsson press releases here

Subscribe to Ericsson blog posts here
https://twitter.com/ericsson
https://www.facebook.com/ericsson
https://www.linkedin.com/company/ericsson

MORE INFORMATION AT:
Ericsson Newsroom

Contact person

Peter Nyquist, Vice President, Head of Investor Relations
Phone: +46 705 75 29 06
E-mail: peter.nyquist@ericsson.com

Additional contact

Stella Medlicott, Senior Vice President, Marketing and Corporate Relations
Phone: +46 730 95 65 39
E-mail: media.relations@ericsson.com

Media relations

Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com

ABOUT ERICSSON:
Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans the business areas Networks, Cloud Software and Services, Enterprise Wireless Solutions, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

Forward-looking statements

This release includes forward-looking statements, including statements reflecting management's current views relating to the growth of the market, future market conditions, future events, financial condition, and expected operational and financial performance, including, in particular the following:

- Our goals, strategies, planning assumptions and operational or financial performance expectations

- Industry trends, future characteristics and development of the markets in which we operate

- Our future liquidity, capital resources, capital expenditures, cost savings and profitability

- The expected demand for our existing and new products and services as well as plans to launch new products and services including research and development expenditures

- The ability to deliver on future plans and to realize potential for future growth

- The expected operational or financial performance of strategic cooperation activities and joint ventures

- The time until acquired entities and businesses will be integrated and accretive to income

- Technology and industry trends including the regulatory and standardization environment in which we operate, competition and our customer structure.

The words "believe," "expect," "foresee," "anticipate," "assume," "intend," "likely," "projects," "may," "could," "plan," "estimate," "forecast," "will," "should," "would," "predict," "aim," "ambition," "seek," "potential," "target," "might," "continue," or, in each case, their negative or variations, and similar words or expressions are used to identify forward-looking statements. Any statement that refers to expectations, projections or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.

We caution investors that these statements are subject to risks and uncertainties many of which are difficult to predict and generally beyond our control that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements.

Important factors that could affect whether and to what extent any of our forward-looking statements materialize include, but are not limited to, the factors described in the section "Risk Factors" in the latest interim report, and in "Risk Factors" in the Annual Report 2021.

These forward-looking statements also represent our estimates and assumptions only as of the date that they were made. We expressly disclaim a duty to provide updates to these forward-looking statements, and the estimates and assumptions associated with them, after the date of this release, to reflect events or changes in circumstances or changes in expectations or the occurrence of anticipated events, whether as a result of new information, future events or otherwise, except as required by applicable law or stock exchange regulations.

This is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 pm CEST on June 28, 2022.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ericsson/r/update-on-ericsson-s-proposed-acquisition-of-vonage,c3592265

The following files are available for download:

https://mb.cision.com/Main/15448/3592265/1597830.pdf

Update on Ericsson’s proposed acquisition of Vonage

Cision View original content:https://www.prnewswire.com/news-releases/update-on-ericssons-proposed-acquisition-of-vonage-301576471.html

SOURCE Ericsson

Copyright 2022 PR Newswire

Ericsson (NASDAQ:ERIC)
Historical Stock Chart
From Jul 2022 to Aug 2022 Click Here for more Ericsson Charts.
Ericsson (NASDAQ:ERIC)
Historical Stock Chart
From Aug 2021 to Aug 2022 Click Here for more Ericsson Charts.