“Given deterioration in the market environment and elective decisions we have made to refocus our investments in strategically prioritized areas, we have reassessed certain growth assumptions, resulting in a non-cash impairment of 11.4 billion Swedish crowns ($1.1 billion),” said Vonage CEO Niklas Heuveldop, who got the top job in February.
Ericsson shares fall after another $1 billion Vonage impairment charge
