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===Acquisitions and cooperation=== Around 2000, companies and governments began to push for standards for mobile Internet. In May 2000, the [[European Commission]] created the [[Wireless Strategic Initiative]],<ref>{{cite web|url=ftp://ftp.cordis.europa.eu/pub/ist/docs/ka4/mob_wsi.pdf|archive-url=https://web.archive.org/web/20171020163404/ftp://ftp.cordis.europa.eu/pub/ist/docs/ka4/mob_wsi.pdf|url-status=dead|archive-date=2017-10-20|title=WSI (Wireless Strategic Initiative)|publisher=Ericsson |website=Ericsson.se |date=1 May 2000}}</ref> a consortium of four telecommunications suppliers in Europe – Ericsson, [[Nokia]], [[Alcatel]] (France) and [[Siemens]] (Germany) – to develop and test new prototypes for advanced wireless communications systems. Later that year, the consortium partners invited other companies to join them in a Wireless World Research Forum in 2001.<ref name="InfoWorld p. 77-IA1">{{cite book | title=InfoWorld | date=1995-11-20 | publisher=InfoWorld Media Group, Inc. | url=https://archive.org/details/bub_gb_WTgEAAAAMBAJ | access-date=2018-12-17 | page=[https://archive.org/details/bub_gb_WTgEAAAAMBAJ/page/n92 77]-IA1}}</ref> In December 1999, [[Microsoft]] and Ericsson announced a [[strategic partnership]] to combine the former's web browser and server software with the latter's mobile-internet technologies.<ref>{{cite web|url= http://www.microsoft.com/en-us/news/features/1999/12-08ericsson.aspx|archive-url= http://webarchive.loc.gov/all/20120802225854/http://www.microsoft.com/en-us/news/features/1999/12-08ericsson.aspx|url-status=dead|archive-date= 2 August 2012|title= Microsoft, Ericsson Team Up to Bring Information Anytime Anywhere, to Carriers and Consumers |publisher=Microsoft |website=Microsoft.com |date= 8 December 1999|access-date= 20 June 2012}}</ref> In 2000, the Dot-com bubble burst with marked [[Economy of Sweden|economic implications for Sweden]]. Ericsson, the world's largest producer of mobile telecommunications equipment, shed thousands of jobs, as did the country's Internet consulting firms and [[dot-com start-up]]s. In the same year, [[Intel]], the world's largest semiconductor chip manufacturer, signed a $1.5 billion deal to supply [[flash memory]] to Ericsson over the next three years.<ref>{{cite web|url=http://news.cnet.com/Intel-scores-flash-memory-deal-with-Ericsson/2100-1001_3-236518.html|title=Intel scores flash memory deal with Ericsson|website=cnet.com|date=4 February 2000|access-date=20 June 2012|archive-date=1 February 2014|archive-url=https://web.archive.org/web/20140201175109/http://news.cnet.com/Intel-scores-flash-memory-deal-with-Ericsson/2100-1001_3-236518.html|url-status=live}}</ref> The short-lived partnership, called Ericsson Microsoft Mobile Venture, owned 70/30 percent by Ericsson and Microsoft respectively, ended in October 2001 when Ericsson announced it would absorb the former joint venture and adopt a licensing agreement with Microsoft instead.<ref>{{cite web|url= http://www.itworld.com/IDG011005MicrosoftMobileJV|title= Microsoft pulls out of mobile JV with Ericsson|website= Itworld.com|date= 5 October 2001|access-date= 20 June 2012|archive-date= 22 March 2012|archive-url= https://web.archive.org/web/20120322011629/http://www.itworld.com/IDG011005MicrosoftMobileJV|url-status= live}}</ref> The same month, Ericsson and [[Sony]] announced the creation of the mobile phone manufacturing joint venture: [[Sony Mobile|Sony Ericsson Mobile Communications]].<ref>{{cite web|url=http://www.ericsson.com/press/20011001-1121.html |publisher=Ericsson |website=Ericsson.com |title=Ericsson – press release Sony Ericsson Mobile Communications established today |date=1 October 2001 |access-date=20 June 2012 |url-status=dead |archive-url=https://web.archive.org/web/20020209200043/http://www.ericsson.com/press/20011001-1121.html |archive-date=9 February 2002 }}</ref> Ten years later, in February 2012, Ericsson sold its stake in the joint venture; Ericsson said it wanted to focus on the global wireless market as a whole.<ref>{{cite web|url=http://www.ericsson.com/news/1558488|title=Sony to acquire Ericsson's share of Sony Ericsson– Press release|publisher=Ericsson|website=Ericsson.com|date=27 October 2011|access-date=20 July 2012|archive-date=3 November 2011|archive-url=https://web.archive.org/web/20111103111208/http://www.ericsson.com/news/1558488|url-status=live}}</ref><ref>{{cite web |url=http://www.sonymobile.com/cws/corporate/press/pressreleases/pressreleasedetails/sonycompletesfullacquisitionofsonyericsson-20120216 |title=Sony Completes Full Acquisition of Sony Ericsson – Press release |website=Sonymobile.com |date=16 February 2012 |access-date=20 July 2012 |url-status=dead |archive-url=https://archive.today/20120911075353/http://www.sonymobile.com/cws/corporate/press/pressreleases/pressreleasedetails/sonycompletesfullacquisitionofsonyericsson-20120216 |archive-date=11 September 2012 }}</ref> Lower stock prices and job losses affected many telecommunications companies in 2001. The major equipment manufacturers – [[Motorola]] (U.S.), [[Lucent Technologies]] (U.S.), [[Cisco Systems]] (U.S.), [[Telent|Marconi]] (UK), [[Siemens]] (Germany), Nokia (Finland), as well as Ericsson – all announced job cuts in their home countries and subsidiaries around the world. Ericsson's workforce worldwide fell during 2001 from 107,000 to 85,000.<ref>{{cite web|url= http://ericssonhistory.com/templates/Ericsson/EricssonBook/Article.aspx?id=3926&epslanguage=EN| title= Changing the World, P202, Svenolof Karlsson and Anders Lugn, Centre for Business History |website=Ericssonhistory.com|access-date=21 June 2012}}{{dead link|date=October 2014}}</ref> In September 2001, Ericsson purchased the remaining shares in [[EHPT]] from [[Hewlett-Packard]].<ref>{{Cite web|url=http://news.cision.com/ericsson/r/ericsson-acquires-hewlett-packard-s-remaining-interest-in-ehpt,c46907|title=Ericsson acquires Hewlett-Packard's remaining interest in EHPT|website=News Powered by Cision|date=23 August 2001 |access-date=2017-02-28|archive-date=28 February 2017|archive-url=https://web.archive.org/web/20170228173207/http://news.cision.com/ericsson/r/ericsson-acquires-hewlett-packard-s-remaining-interest-in-ehpt,c46907|url-status=live}}</ref> Founded in 1993, Ericsson Hewlett Packard Telecom (EHPT) was a joint venture made up of 60% Ericsson interests and 40% Hewlett-Packard interests.<ref name="Bidault 2012 p. 64">{{cite book | last=Bidault | first=F. | title=Managing Joint Innovation: How to Balance Trust and Control in Strategic Alliances | publisher=Palgrave Macmillan | year=2012 | isbn=978-0-230-27997-1 | url=https://books.google.com/books?id=ktZIr8CjSOgC&pg=PA64 | archive-url=https://web.archive.org/web/20191212204646/https://books.google.com/books?id=ktZIr8CjSOgC&pg=PA64 | url-status=dead | archive-date=12 December 2019 | access-date=2018-12-17 | page=64 }}</ref> In 2002, ICT investor losses topped $2 trillion and share prices fell by 95% until August that year. More than half a million people lost their jobs in the global telecom industry over the two years.<ref>{{cite web|url=http://www.businessweek.com/magazine/content/02_31/b3794001.htm|title=Inside the Telecom Game – How a small group of insiders made billions as the industry collapsed|website=Businessweek.com|date=5 August 2002|access-date=21 June 2012|url-status=dead|archive-url=https://web.archive.org/web/20110822060147/http://www.businessweek.com/magazine/content/02_31/b3794001.htm|archive-date=22 August 2011}}</ref> The collapse of U.S. carrier [[MCI Inc|WorldCom]], with more than $107 billion in assets, was the biggest in U.S. history.<ref>{{cite news|url= https://money.cnn.com/2002/07/19/news/worldcom_bankruptcy/|title= WorldCom files largest bankruptcy ever|website= Money.cnn.com|date= 22 July 2002|access-date= 21 June 2012|first1= Luisa|last1= Beltran|archive-date= 30 October 2018|archive-url= https://web.archive.org/web/20181030111043/https://money.cnn.com/2002/07/19/news/worldcom_bankruptcy/|url-status= live}}</ref> The sector's problems caused bankruptcies and job losses, and led to changes in the leadership of several major companies. Ericsson made 20,000 more staff redundant and raised about $3 billion from its shareholders.<ref>{{cite news|url=https://www.theguardian.com/technology/2002/apr/22/mobilephones.marktran|title=Ericsson axes 17,000 jobs|work=Guardian.co.uk|date=22 April 2002|access-date=21 June 2012|location=London|first=Mark|last=Tran|archive-date=13 June 2014|archive-url=https://web.archive.org/web/20140613125107/http://www.theguardian.com/technology/2002/apr/22/mobilephones.marktran|url-status=live}}</ref> In June 2002, [[Infineon Technologies]] (then the sixth-largest semiconductor supplier and a subsidiary of [[Siemens]]) bought Ericsson's [[microelectronics]] unit for $400 million.<ref>{{cite news|url= http://www.lightreading.com/document.asp?doc_id=17308|title= Infineon Buys Ericsson Microelectronics|newspaper= Light Reading|date= 12 June 2002|access-date= 21 June 2012|archive-date= 31 October 2004|archive-url= https://web.archive.org/web/20041031073409/http://www.lightreading.com/document.asp?doc_id=17308|url-status= live}}</ref> Ericsson was an official backer in the 2005 launch of the [[.mobi]] top-level domain created specifically for the [[mobile internet]].<ref>[http://mtld.mobi/company/about/investors dotMobi Investors | dotMobi] {{webarchive|url=https://web.archive.org/web/20070820165736/http://mtld.mobi/company/about/investors|date=20 August 2007}}</ref> Co-operation with Hewlett-Packard did not end with [[EHPT]]; in 2003 Ericsson outsourced its IT to HP, which included Managed Services, Help Desk Support, Data Center Operations, and HP Utility Data Center. The contract was extended in 2008.<ref>{{cite web |url=https://ssl.www8.hp.com/us/en/hp-news/press-release.html?id=172163 |title=HP News – HP Signs Contract with Ericsson for Global IT Outsourcing Services |website=Ssl.www8.hp.com |access-date=2016-11-11 |archive-date=30 December 2015 |archive-url=https://web.archive.org/web/20151230042806/https://ssl.www8.hp.com/us/en/hp-news/press-release.html?id=172163 |url-status=dead }}</ref> In October 2005, Ericsson acquired the bulk of the troubled UK telecommunications manufacturer [[Marconi Company]], including its brand name that dates back to the creation of the original [[Marconi Company]] by the "father of radio" [[Guglielmo Marconi]].<ref>{{cite web|url= http://www.infoworld.com/t/networking/ericsson-buy-most-marconi-21b-799|title= Ericsson to buy most of Marconi for $2.1B|website= InfoWorld.com|date= 25 October 2005|access-date= 21 June 2012|archive-date= 9 July 2014|archive-url= https://web.archive.org/web/20140709000821/http://www.infoworld.com/t/networking/ericsson-buy-most-marconi-21b-799|url-status= live}}</ref> In September 2006, Ericsson sold the greater part of its [[defense contractor|defense]] business [[Ericsson Microwave Systems]], which mainly produced sensor and radar systems, to [[Saab AB]], which renamed the company to [[Saab Microwave Systems]].<ref>{{cite web|url= http://www.defenseindustrydaily.com/saab-acquires-ericsson-microwave-systems-02354/|title= Saab Acquires Ericsson Microwave Systems|publisher= Defense Industry Daily|date= 13 June 2006|access-date= 21 June 2012|archive-date= 31 May 2016|archive-url= https://web.archive.org/web/20160531200834/http://www.defenseindustrydaily.com/saab-acquires-ericsson-microwave-systems-02354/|url-status= live}}</ref> In 2007, Ericsson acquired carrier edge-router maker [[Redback Networks]], and then Entrisphere, a US-based company providing fiber-access technology.<ref>{{cite web|url= http://www.networkworld.com/news/2006/122006-ericsson-to-buy-redback-for.html|title= Ericsson to buy Redback for $2.1 billion|publisher= Networkworld.com|date= 20 December 2006|access-date= 21 June 2012|url-status=dead|archive-url= https://web.archive.org/web/20130501044239/http://www.networkworld.com/news/2006/122006-ericsson-to-buy-redback-for.html|archive-date= 1 May 2013}}</ref> In September 2007, Ericsson acquired an 84% interest in German customer-care and billing software firm [[LHS Telekommunikation|LHS]], a stake later raised to 100%.<ref>{{cite web |url=http://www.ericsson.com/news/1387484 |title=All shares in LHS acquired – Press release |publisher=Ericsson |website=Ericsson.com |date=20 February 2010 |access-date=21 June 2012 |archive-date=5 March 2016 |archive-url=https://web.archive.org/web/20160305022848/http://www.ericsson.com/news/1387484 |url-status=live }}</ref> In 2008, Ericsson sold its enterprise PBX division<ref>{{cite web |url=http://www.ericsson.com/news/1192670 |title=Ericsson to divest its enterprise PBX solutions to Aastra Technologies – Press Release |publisher=Ericsson.com |date=18 February 2008 |access-date=22 February 2016 |archive-date=11 March 2016 |archive-url=https://web.archive.org/web/20160311003620/http://www.ericsson.com/news/1192670 |url-status=live }}</ref> to [[Aastra Technologies]], and acquired [[Tandberg Television]], the television technology division<ref>{{cite web |url=http://www.ericsson.com/news/1107685 |title=Ericsson announces cash offer to acquire Tandberg Television– Press release |publisher=Ericsson |website=Ericsson.com |date=26 February 2007 |access-date=21 June 2012 |archive-date=1 May 2016 |archive-url=https://web.archive.org/web/20160501092701/http://www.ericsson.com/news/1107685 |url-status=live }}</ref> of Norwegian company [[Tandberg]]. In 2009, Ericsson bought the [[CDMA2000]] and [[3GPP Long Term Evolution|LTE]] business of [[Nortel]]'s carrier networks division for US$1.18 billion;<ref>{{cite web|url=http://www.ericsson.com/thecompany/press/releases/2009/07/1330882|title=Ericsson to acquire majority of Nortel's North American wireless business – Press release|publisher=Ericsson|website=Ericsson.com|date=25 July 2009|access-date=21 June 2012|archive-date=3 June 2016|archive-url=https://web.archive.org/web/20160603174515/http://www.ericsson.com/thecompany/press/releases/2009/07/1330882|url-status=live}}</ref> Bizitek, a Turkish business support systems integrator; the Estonian manufacturing operations of electronic manufacturing company [[Elcoteq]]; and completed its acquisition of LHS.<ref>{{cite web|url=http://www.ericsson.com/news/1323236|title=Ericsson to acquire Elcoteq's operations in Tallinn to secure manufacturing capacity in Estonia – Press release|publisher=Ericsson|website=Ericsson.com|date=17 June 2009|access-date=21 June 2012|archive-date=11 August 2016|archive-url=https://web.archive.org/web/20160811185526/https://www.ericsson.com/news/1323236|url-status=live}}</ref> Acquisitions in 2010 included assets from the Strategy and Technology Group of inCode, a North American business and consulting-services company;<ref>{{cite web|url=http://www.ericsson.com/news/1443012|title=Ericsson Expands Strategy and technology consulting capabilities – Press release|publisher=Ericsson|website=Ericsson.com|date=7 September 2010|access-date=20 July 2012|archive-date=26 January 2012|archive-url=https://web.archive.org/web/20120126034116/http://www.ericsson.com/news/1443012|url-status=live}}</ref> Nortel's majority shareholding (50% plus one share) in LG-Nortel, a joint venture between [[LG Electronics]] and Nortel Networks providing sales, R&D and industrial capacity in South Korea, now known as [[LG-Ericsson|Ericsson-LG]]; further Nortel carrier-division assets, relating from Nortel's GSM business in the United States and Canada; Optimi Corporation, a U.S.–Spanish telecommunications vendor specializing in network optimization and management;<ref>{{cite web|url= http://technews.tmcnet.com/telecommunications/topics/telecommunications/articles/129027-ericsson-takes-ownership-optimi-corporation.htm|title= Ericsson Takes Ownership of Optimi Corporation|website= Technews.com|date= 22 December 2010|access-date= 20 July 2012|archive-date= 5 November 2013|archive-url= https://web.archive.org/web/20131105121751/http://technews.tmcnet.com/telecommunications/topics/telecommunications/articles/129027-ericsson-takes-ownership-optimi-corporation.htm|url-status= live}}</ref> and Pride, a consulting and systems-integration company operating in Italy. In 2011, Ericsson acquired manufacturing and research facilities, and staff from the [[Guangdong Nortel Telecommunication Equipment Company]] (GDNT)<ref>{{cite web|url=http://www.ericsson.com/news/1515119|title=Ericsson closes the Acquisition of GDNT, China – Press release|publisher=Ericsson.com|date=12 May 2011|access-date=20 July 2012|archive-date=11 August 2016|archive-url=https://web.archive.org/web/20160811162918/https://www.ericsson.com/news/1515119|url-status=live}}</ref> as well as Nortel's Multiservice Switch business.<ref>{{cite web|url= http://www.cellular-news.com/story/45584.php|title= Ericsson Buys Nortel's Multi Service Switch Businesses|publisher= Cellular-news.com|date= 25 September 2010|access-date= 20 July 2012|archive-date= 30 May 2016|archive-url= https://web.archive.org/web/20160530103136/http://www.cellular-news.com/story/45584.php|url-status= live}}</ref> Ericsson acquired U.S. company [[Telcordia Technologies]] in January 2012,<ref>{{cite web|url=http://www.ericsson.com/news/1576841|title=Ericsson closes Telcordia acquisition– Press release|publisher=Ericsson.com|date=12 January 2012|access-date=20 July 2012|archive-date=18 June 2013|archive-url=https://web.archive.org/web/20130618152234/http://www.ericsson.com/news/1576841|url-status=live}}</ref> an operations and business support systems (OSS/BSS) company.<ref>{{cite news |last=Rahn |first=Cornelius |url=https://www.bloomberg.com/news/2011-06-14/ericsson-agrees-to-acquire-telcordia-for-1-15-billion-in-an-all-cash-deal.html |title=Ericsson to Buy Telcordia for $1.2 Billion to Add Services |publisher=Bloomberg |date=14 June 2011 |access-date=9 October 2011 |archive-date=25 November 2011 |archive-url=https://web.archive.org/web/20111125042238/http://www.bloomberg.com/news/2011-06-14/ericsson-agrees-to-acquire-telcordia-for-1-15-billion-in-an-all-cash-deal.html |url-status=live }}</ref> In March, Ericsson announced it was buying the broadcast-services division of [[Technicolor SA|Technicolor]], a media broadcast technology company.<ref>{{Cite web|url=https://www.ericsson.com/en/press-releases/2012/7/ericsson-closes-acquisition-of-technicolors-broadcast-services-division|title=Ericsson closes acquisition of Technicolor's broadcast services division|date=2012-07-03|website=Ericsson.com|language=en|access-date=2020-02-29|archive-date=29 February 2020|archive-url=https://web.archive.org/web/20200229152018/https://www.ericsson.com/en/press-releases/2012/7/ericsson-closes-acquisition-of-technicolors-broadcast-services-division|url-status=live}}</ref> In April 2012 Ericsson completed the acquisition of BelAir Networks a strong Wi-Fi network technology company.<ref>BroadBandTechReport. "[http://www.broadbandtechreport.com/articles/2012/04/ericsson-completes-belair-buy.html Ericsson Completes BelAir Buy] {{Webarchive|url=https://web.archive.org/web/20170818090201/http://www.broadbandtechreport.com/articles/2012/04/ericsson-completes-belair-buy.html |date=18 August 2017 }}." 2 April 2016. Retrieved 17 August 2017.</ref> On 3 May 2013, Ericsson announced it would divest its power cable operations to Danish company [[NKT Holding]].<ref>{{cite web |url=http://www.ericsson.com/news/1699030 |title=divests its power cable operation to NKT Cables |publisher=Ericsson |date=2013-05-03 |access-date=2016-11-11 |archive-date=11 August 2016 |archive-url=https://web.archive.org/web/20160811182455/https://www.ericsson.com/news/1699030 |url-status=live }}</ref> On 1 July 2013, Ericsson announced it would acquire the media management company [[Ericsson Broadcast and Media Services|Red Bee Media]], subject to regulatory approval.<ref>{{cite press release |url=http://www.ericsson.com/news/1713075 |title=Ericsson to acquire leading media services company Red Bee Media |publisher=Ericsson |date=1 July 2013 |access-date=1 July 2013 |archive-date=6 July 2013 |archive-url=https://web.archive.org/web/20130706000702/http://www.ericsson.com/news/1713075 |url-status=live }}</ref> The acquisition was completed on 9 May 2014.<ref>{{cite press release |url=http://www.ericsson.com/thecompany/press/releases/2014/05/1784304 |title=Ericsson completes acquisition of Red Bee Media |publisher=Ericsson |date=12 May 2014 |access-date=15 May 2014 |archive-date=17 May 2014 |archive-url=https://web.archive.org/web/20140517154910/http://www.ericsson.com/thecompany/press/releases/2014/05/1784304 |url-status=live }}</ref> In September 2013, Ericsson completed its acquisition of Microsoft's Mediaroom business and televisions services, originally announced in April the same year. The acquisition makes Ericsson the largest provider of IPTV and multi-screen services in the world, by market share; it was renamed [[Ericsson Mediaroom]].<ref>{{cite press release |url=http://www.ericsson.com/news/1727445 |title=Ericsson closes acquisition of Microsoft Mediaroom |publisher=Ericsson |date=5 September 2013 |access-date=3 October 2013 |archive-date=22 February 2017 |archive-url=https://web.archive.org/web/20170222035854/https://www.ericsson.com/news/1727445 |url-status=live }}</ref> In September 2014, Ericsson acquired majority stake in [[Apcera]] for cloud policy compliance.<ref>{{cite press release|url=http://www.pcworld.com/article/2686932/ericsson-acquires-majority-stake-in-apcera-for-cloud-policy-compliance.html|title=Ericsson acquires majority stake in Apcera for cloud policy compliance|publisher=PCWorld|date=22 September 2014|access-date=22 September 2014|archive-date=25 September 2014|archive-url=https://web.archive.org/web/20140925005937/http://www.pcworld.com/article/2686932/ericsson-acquires-majority-stake-in-apcera-for-cloud-policy-compliance.html|url-status=live}}</ref> In October 2015, Ericsson completed the acquisition of [[Envivio]], a software encoding company.<ref>{{Cite web|url=https://www.ericsson.com/en/press-releases/2015/10/ericsson-completes-acquisition-of-envivio|title=Ericsson completes acquisition of Envivio|date=2015-10-27|website=Ericsson.com|language=en|access-date=2019-04-19|archive-date=10 August 2021|archive-url=https://web.archive.org/web/20210810154509/https://www.ericsson.com/en/press-releases/2015/10/ericsson-completes-acquisition-of-envivio|url-status=live}}</ref> In April 2016, Ericsson acquired Polish and Ukrainian operations of software development company [[Ericpol]], a long-time supplier to Ericsson.<ref>{{Cite web|url=https://www.ericsson.com/en/news/2016/4/ericsson-completes-acquisition-of-software-developer-ericpol|title=Ericsson completes acquisition of software developer Ericpol|date=2016-04-20|website=Ericsson.com|language=en|access-date=2019-07-10|archive-date=10 July 2019|archive-url=https://web.archive.org/web/20190710090901/https://www.ericsson.com/en/news/2016/4/ericsson-completes-acquisition-of-software-developer-ericpol|url-status=live}}</ref> Approximately 2,300 Ericpol employees joined Ericsson, bringing software development competence in radio, cloud, and IP. On 20 June 2017, Bloomberg disclosed that Ericsson hired Morgan Stanley to explore the sale of its media businesses.<ref>{{cite news|url=https://www.bloomberg.com/news/articles/2017-06-20/ericsson-said-to-hire-banks-to-explore-sale-of-media-businesses|title=Ericsson Hires Banks to Explore Sale of Media Businesses|newspaper=Bloomberg.com|date=20 June 2017|via=www.bloomberg.com|access-date=4 July 2017|archive-date=30 June 2017|archive-url=https://web.archive.org/web/20170630074848/https://www.bloomberg.com/news/articles/2017-06-20/ericsson-said-to-hire-banks-to-explore-sale-of-media-businesses|url-status=live}}</ref> The Red Bee Media business was kept in-house as an independent subsidiary company, as no suitable buyer was found, but a 51% stake of the remainder of the Media Solution division was sold to private equity firm One Equity Partners, the new company being named MediaKind. The transaction was completed on 31 January 2019.<ref>{{Cite web|url=https://www.ericsson.com/en/press-releases/2019/2/ericsson-completes-divestment-of-majority-stake-in-mediakind|title=Ericsson completes divestment of majority stake in MediaKind|date=2019-02-01|website=Ericsson.com|language=en|access-date=2019-04-19|archive-date=19 April 2019|archive-url=https://web.archive.org/web/20190419134523/https://www.ericsson.com/en/press-releases/2019/2/ericsson-completes-divestment-of-majority-stake-in-mediakind|url-status=live}}</ref> In February 2018, Ericsson acquired the location-based mobile [[data management platform]] Placecast. Ericsson has since integrated Placecast's platform and capabilities with its programmatic mobile ad subsidiary, [[Emodo]].<ref>{{Cite web|url=https://www.mobilemarketer.com/news/ericsson-buys-placecast-|title=Ericsson buys Placecast for ad geotargeting|website=Mobile Marketer|language=en-US|access-date=2018-12-27}}{{Dead link|date=June 2020 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> In May 2018, SoftBank partnered with Ericsson to trial new radio technology.<ref>{{Cite news|url=https://internetofbusiness.com/softbank-machine-learning-network-design-ericsson/|title=SoftBank, Ericsson bring machine learning to mobile network design {{!}} Internet of Business|last=Murison|first=Malek|date=2018-05-17|work=Internet of Business|access-date=2018-05-23|language=en-GB|archive-date=23 May 2018|archive-url=https://web.archive.org/web/20180523173219/https://internetofbusiness.com/softbank-machine-learning-network-design-ericsson/|url-status=live}}</ref> In September 2020, Ericsson acquired US-based carrier equipment manufacturer Cradlepoint for $1.1 billion.<ref>{{Cite web|last=Duckett|first=Chris|title=Ericsson picks up Cradlepoint for enterprise value of $1.1 billion|url=https://www.zdnet.com/article/ericsson-picks-up-cradlepoint-for-enterprise-value-of-1-1-billion/|access-date=2020-09-23|website=ZDNet|language=en|archive-date=10 August 2021|archive-url=https://web.archive.org/web/20210810154504/https://www.zdnet.com/article/ericsson-picks-up-cradlepoint-for-enterprise-value-of-1-1-billion/|url-status=live}}</ref> In November 2021, Ericsson announced it had reached an agreement to acquire [[Vonage]] for $6.2 billion.<ref>{{cite news |last1=Chopping |first1=Dominic |title=Ericsson to Buy Vonage for $6.2 Billion, Bulking Up Cloud Presence |url=https://www.wsj.com/articles/ericsson-to-buy-vonage-for-6-2-billion-bulking-up-cloud-presence-11637575263 |access-date=22 November 2021 |work=[[The Wall Street Journal]] |date=22 November 2021 |archive-date=22 November 2021 |archive-url=https://web.archive.org/web/20211122102625/https://www.wsj.com/articles/ericsson-to-buy-vonage-for-6-2-billion-bulking-up-cloud-presence-11637575263 |url-status=live }}</ref> The acquisition completed in July 2022.<ref name=ericsson>{{cite news |url=https://www.reuters.com/markets/deals/ericsson-closes-62-bln-vonage-deal-after-short-delay-2022-07-21/ |title=Ericsson closes $6.2 bln Vonage deal after short delay |date=July 21, 2022 |work=[[Reuters]] |archive-url=https://web.archive.org/web/20220721182406/https://www.reuters.com/markets/deals/ericsson-closes-62-bln-vonage-deal-after-short-delay-2022-07-21/ |archive-date=July 21, 2022 |url-status=live |first=Supantha |last=Mukherjee}}</ref> In January 2024, Ericson and [[MTN Group]] announced expansion of their partnership to boost their mobile financial services on Africa market, as the company appointed Michael Wallis-Brown as vice president responsible for global mobile financial services.<ref name=":0" /> In December 2024, Ericsson secured a multi-year extension deal worth billions with [[Bharti Airtel]] for the provision of [[4G]] and [[5G]] radio access network products and solutions. This agreement underscores the growing demand for advanced [[telecommunications]] infrastructure as the industry transitions to [[5G]] technologies.<ref>{{Cite news |last=Singh |first=Rimjhim |date=December 4, 2024 |title=Bharti Airtel signs multi-billion deal with Ericsson for 4G, 5G expansion |url=https://www.business-standard.com/companies/news/bharti-airtel-signs-multi-billion-deal-with-ericsson-for-4g-5g-expansion-124120400703_1.html }}</ref>
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