U.S. Approves Ericsson’s $6.2 Billion Vonage Acquisition

Swedish telecom-equipment giant Ericsson AB said the Committee on Foreign Investment in the U.S. had authorized its $6.2 billion proposal to buy Vonage Holdings Corp. clearing the way for the deal to be completed next week.

Ericsson said it now expects to close the merger by Thursday, ahead of its previous forecast of the end of July. A spokesman for the Treasury Department, which leads the Cfius panel, didn’t immediately return a request for comment.