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Ericsson quits IoT – agrees sale of loss-making IoT Accelerator business to Aeris

Ericsson has agreed to sell its IoT business, including its IoT Accelerator connectivity management platform and Connected Vehicle Cloud platform, to California-based IoT provider Aeris. The Swedish firm said its IoT business, expected to post net sales of SEK 0.8 billion ($76.85 million) in...