Ericsson sells loss-making IoT division

Swedish kit maker Ericsson has given up on trying to turn a profit from its IoT business, and will let US-based Aeris have a go instead.
The vendor on Wednesday agreed to sell to Aeris its IoT Accelerator division, which offers a range of cellular IoT connectivity solutions to enterprises. The deal also includes Ericsson’s Connected Vehicle Cloud (CVC) unit – which offers hosting services for carmakers’ fleet management, telematics, navigation and infotainment applications.
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