Telecom cloud

Ericsson layoffs may hit 25,000 staff cuts or 23% of telecom equipment company's 109,000 employees, a report says. Can CEO Börje Ekholm deliver turnaround?

Onepath acquires Internet & Telephone for New England reach. The deal creates 900-person managed IT, cloud & telecom service provider, MJ Shoer confirms.

RingCentral hires financial advisor after receiving takeover interest for the unified communications as a service (UCaaS) provider, a report says.

Mitel (MITL) acquires ShoreTel (SHOR) for $530 million, creating a $1.3 billion unified communications & cloud services business with 3,200 partners.

Australian telecom giant Telstra acquires Company85, a UK-based provider of data center, workspace, cloud, security and network services.

Cyxtera assumes ownership of CenturyLink's 57 data centers. Approximately 700 CenturyLink employees transition to Cyxtera.

Chess acquires Foursys, a Sophos cybersecurity partner. Through M&A & organic growth, CEO David Pollock builds an ICT empire across the United Kingdom.

8x8 explores potential company sale, a report suggests. 8x8 competes against ShoreTel (also for sale) in cloud-based UCaaS, cloud & hosted VoIP markets.