Ericsson Takes Second Vonage Writedown in a Year as Value Sinks

Ericsson Takes Second Vonage Writedown in a Year as Value Sinks




Ericsson AB warned investors that it would take an 11.4 billion Swedish kronor ($1.1 billion) non-cash impairment in the second quarter after Vonage Holdings Corp.’s performance deteriorated, the second major writedown on the asset in less than a year.



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