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Ericsson expects a $1.1B noncash impairment charge in Q2 for its 2022 purchase of cloud communications company Vonage, after a $2.9B impairment charge in 2023 (Sabela Ojea/Wall Street Journal)

Sabela Ojea / Wall Street Journal:

Ericsson expects a $1.1B noncash impairment charge in Q2 for its 2022 purchase of cloud communications company Vonage, after a $2.9B impairment charge in 2023  —  Swedish telecom-equipment company cites lower-than-expected growth at Vonage cloud subsidiary  —  Ericsson said it expects …


http://www.techmeme.com/240703/p28?utm_source=dlvr.it&utm_medium=blogger#a240703p28

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