Ericsson says bon Vonage to $1 billion

Naver Corp, the operator of South Korea’s leading internet portal, says it has plans to establish a Middle Eastern unit in Saudi Arabia within this year as part of efforts to expand its global business.

Ericsson has extended its managed services and customer support contract with e& Egypt for another five years, pledging to enhance the operator’s AI integration and operational efficiency as part of the renewed agreement.

Ericsson Vice President Todd Ashton (pictured) believes the spread of 4G across Africa will help create unicorn companies, drawing parallels with Asia, where countries like Indonesia developed such firms through increased connectivity.