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Ericsson’s Vonage Deal Could Spur More Cloud-Based Telephony Buys

·2 min read
Ericsson’s Vonage Deal Could Spur More Cloud-Based Telephony Buys
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Shares of Vonage, a provider of cloud-based telecom services, have soared on news of Ericsson's $6.2 billion cash offer. 8x8 stock is rising on speculation it could be the next target.