Name: Ericsson flags losses from China 5G contracts, takes 1 billion SEK charge
Brand: reuters.com
SKU: reuters-com-1674
Availability: OnlineOnly

By , STOCKHOLM (Reuters) - Ericsson expects to take a second-quarter writedown of about 1 billion crowns ($109 million) on product inventory in China, the Swedish telecoms gear maker said on Monday.The company, which has won 5G contracts from three major operators in China, said ...