STOCKHOLM (Reuters) -Telecom gear maker Ericsson said on Wednesday that it will book a non-cash impairment charge of 32 billion crowns ($2.9 billion) in the third quarter related to its acquisition of Vonage in 2022 in a $6.2 billion deal.
"The impairment charge represents 50% of the total amount of goodwill and other intangible assets attributed to Vonage," the Swedish group said in a statement.
Ericsson said it expected an operating profit margin of 7.3% before amortisation and restructuring charges in the third quarter, in line with previous guidance.
($1 = 10.9458 Swedish crowns)
(Reporting by Anna Ringstrom in Stockholm and Shivani Tanna in Bengaluru; Editing by Shailesh Kuber and Leslie Adler)
