Just as the 5G era kicked off in the United States, established itself as a leading enterprise solution provider for the latest cellular technology, partnering with and . Today, Ericsson that it’s acquiring Cradlepoint for $1.1 billion, giving the European network gear maker another asset in its widening U.S. footprint.
In May, Cradlepoint announced a to abandon their wired broadband in favor of fully wireless connectivity, using Wi-Fi 6 to share a high-speed cellular signal with multiple workplace devices. Unlike companies that have gone fully into 5G, Cradlepoint’s solutions have notably included upgradeable modem modules that let businesses access gigabit 4G/LTE at first with the option to switch modems when 5G services become locally available — a strategy aligned with the and .
Ericsson expects Cradlepoint