Ericsson has closed its acquisition of wireless edge vendor Cradlepoint as part of its attempt to take control of 5G enterprise space.
The $1.1 billion all cash acquisition was first announced in September.
Ericsson claims that its own operating margins will be negatively affected by one percent due to the acquisition, but expects Cradlepoint to contribute to its cash flow by 2022.
The Swedish telco claims the acquisition will enable it to create new revenue streams for its enterprise customers through supporting 5G services.
Ericsson claims its international footprint will help speed up Cradlepoint’s own expansion into new regions.
