Ericsson Receives Regulatory Approval to Complete Acquisition of Vonage

STOCKHOLM, July 15, 2022 /PRNewswire/ — Ericsson (NASDAQ: ERIC) today announced that it has received clearance from the Foreign Investment Committee in United States (CFIUS) to complete its acquisition of Vonage Holdings Corp. (NASDAQ: VG) (“Vonage”). This represents the final approval required to complete the transaction. The parties now expect the Merger to be finalized no later than July 21, 2022as provided for in the merger agreement.

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Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans 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 sources of revenue. Ericsson’s investments in innovation have brought the benefits of mobility and mobile broadband to billions of people around the world. Ericsson shares are listed on Nasdaq Stockholm and Nasdaq New York. www.ericsson.com

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This release includes forward-looking statements, including statements reflecting management’s current beliefs regarding market growth, future market conditions, future events, financial condition and expected operating and financial performance, including, in particular , the following elements :

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This is information that Telefonaktiebolaget LM Ericsson is required to make public under the EU Market Abuse Regulation. The information has been submitted for publication, through the contact person listed above, to 7:00 PM EST on July 15, 2022.

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