Ericsson boosts its 5G portfolio with $1.1bn purchase of Cradlepoint

Ericsson has today announced its acquisition of Cradlepoint, the US-based market leader in Wireless Edge WAN 4G and 5G Enterprise solutions.The investment is key to Ericsson’s ongoing strategy of capturing market share in the rapidly expanding 5G Enterprise space. Cradlepoint complements Ericsson’s existing 5G Enterprise portfolio which includes Dedicated Networks and a global IoT platform.The combined offering will create valuable new revenue streams for customers by supporting ful