{"id":829041,"date":"2024-07-04T09:37:57","date_gmt":"2024-07-04T04:07:57","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=829041"},"modified":"2024-07-04T09:37:57","modified_gmt":"2024-07-04T04:07:57","slug":"ericsson-to-book-1-1-billion-impairment-on-weaker-outlook-for-vonage","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/04\/ericsson-to-book-1-1-billion-impairment-on-weaker-outlook-for-vonage\/","title":{"rendered":"Ericsson to book $1.1 billion impairment on weaker outlook for Vonage"},"content":{"rendered":"<p>Mobile telecoms equipment maker Ericsson said on Wednesday it will record a noncash impairment charge of 11.4 billion Swedish crowns ($1.09 billion) in the second quarter of 2024, the second writedown on its acquisition of Vonage.<\/p>\n<p>The impairment charge reflects lower anticipated market growth in some of Vonage&#8217;s current portfolio, the company said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mobile telecoms equipment maker Ericsson said on Wednesday it will record a noncash impairment charge of 11.4 billion Swedish crowns ($1.09 billion) in the second quarter of 2024, the second writedown on its acquisition of Vonage. The impairment charge reflects lower anticipated market growth in some of Vonage&#8217;s current portfolio, the company said in a statement.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,60,10],"tags":[],"class_list":["post-829041","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/829041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=829041"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/829041\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=829041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=829041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=829041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}