Ericsson Hopeful About Pending CFIUS Approval

Ericsson is still awaiting approval from the Committee on Foreign Investment in the U.S. for its acquisition of Vonage (see 2111220034) but is hopeful the deal will go through. The company hopes to complete the acquisition during the second quarter of this year, emailed an Ericsson spokesperson Wednesday. “We are fully committed to moving ahead to close the deal,” the spokesperson said.