- Reuters
Ericsson shares fall after another $1 billion Vonage impairment charge
Telecom equipment maker Ericsson has recorded another billion-dollar impairment charge for its acquisition of cloud communications firm Vonage in 2021, sending its shares down 2% in early trade. Dubbed as one of its largest deals in history, Ericsson splurged $6.2 billion in cash to buy Vonage to help it target enterprise customers as it sought to diversify away from its mobile networks business. Since then, mobile network revenue has fallen due to lower demand for 5G gear, Ericsson's share price has halved over an Iraq bribing scandal, and it took a $3 billion non-cash charge last year on the Vonage deal.
- Zacks
Ericsson (ERIC), Optus Team Up to Advance 5G Capabilities
Ericsson (ERIC) successfully demonstrates its Interference Sensing Technology on Optus' live network. The solution efficiently detects and minimizes inter-cell interference to boost network capacity and data throughput.
- Insider Monkey
The Wealthiest Person in Sweden
Previously we published a report on the 30 Wealthiest People in Sweden. Let’s take a look at the wealthiest person in Sweden. An Analysis of the Swedish Economy Sweden is one of the richest countries in the world with a GDP per capita of $67,350 in 2024. The government has always favored long-term growth strategies […]
