Ericsson announces non-cash impairment charge mainly relating to vonage

Non-cash impairment of sek 11.4 billion to be recorded in the second quarter 2024, relating to the impairment of intangibles mainly attributed to the vonage acquisition reflects lower anticipated market growth in some of vonage's current portfolio the ericsson strategy to build a new source of monetization for the telecom industry remains. vonage is positioned at the center of digitalizing enterprises and society through the development of the global network platform for network apis; 12 partnerships with leading service providers have already been announced, with singtel and telstra added in q2 stockholm , july 3, 2024 /prnewswire/ -- ericsson (nasdaq: eric) today announces that, in accordance with ifrs accounting requirements, it will record a non-cash impairment charge of sek 11.4 billion in the second quarter of 2024, primarily reflecting lower anticipated market growth rates in vonage's current portfolio.
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