Ericsson receives regulatory approval to complete acquisition of Vonage

STOCKHOLM,July 15,2022 --Ericsson (NASDAQ: ERIC) today announced that it has received clearance from the Committee on Foreign Investments in the United States (CFIUS) to complete its acquisition of Vonage Holdings Corp. (NASDAQ: VG) ("Vonage"). This represents the final requisite approval to complete the deal. The parties now expect the Merger to close no later than July 21,2022,as provided for in the Merger Agreement.

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Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans the business areas Networks,Cloud Software and Services,Enterprise Wireless Solutions,and Technologies and New Businesses. It is designed to help our customers go digital,increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

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This is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication,through the agency of the contact person set out above,at 07:00 pm CEST on July 15,2022.

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Ericsson receives regulatory approval to complete acquisition of Vonage