ERIC - What's Going On With Ericsson Shares Today? | Benzinga
Telefonaktiebolaget L M Ericsson (NASDAQ: ERIC) disclosed recording a non-cash impairment charge of SEK 32 billion in Q3 2023.
The impairment charge, which accounts for 50% of the goodwill and other intangible assets related to Vonage, will be reported in the segment Enterprise as an item affecting comparability.
Related: Ericsson To Acquire Vonage At 28% Premium
The impairment is due to a strong decline in the market capitalization of Vonage's publicly traded peers, higher interest rates and a slowdown in Vonage's core markets.
Notably, Ericsson continues to accelerate its enterprise ...