Ericsson announces impairment charge of $2.92 bln in Q3The impairment charge represents 50% of the total amount of goodwill and other intangible assets attributed to Vonage, a company that Ericsson bought for $6.2 billion in 2022.
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Sweden's Ericsson said on Wednesday that it will record a non-cash impairment charge of 32 billion Swedish crowns ($2.92 billion) in the third quarter of 2023.
The impairment charge represents 50 per cent of the total amount of goodwill and other intangible assets attributed to Vonage, a company that Ericsson bought for $6.2 billion in 2022.