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Ericsson announces SEK 1 bln write-down for 5G inventory in China in Q2

2020-06-08 09:32:00| Telecompaper Headlines

(Telecompaper) Ericsson said it will write down approximately SEK 1 billion worth of pre-commercial product inventory for the Chinese markets in the second quarter. This will be reported under the Networks segment and will affect the gross margin. The vendor still maintains its financial targets for 2020 and 2022.

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