Ericsson announced it will book a non-cash impairment of SEK11.4 billion (US$1.1 billion) in its Q2 results, blaming cloud unit Vonage which had previously hit the Swedish vendor in the wallet.
Malaysia’s special purpose company for 5G deployment Digital Nasional Berhad (DNB) partnered with Ericsson to boost digitalisation in the country, with microchip giant Intel also involved.
Ericsson has released a strongly worded announcement saying it has been “compelled to take legal action against Transsion”, a major Chinese technology company.
