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Ericsson flags margin headwind over China 5G contracts, takes US$108 million charge

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Ericsson’s second-quarter results will take a hit of about 1 billion crowns (US$108.8 million) due to write-downs of product inventory in the Chinese market, the Swedish company said on Monday.

Want to know more on Ericsson flags margin headwind over China 5G contracts, takes US$108 million charge click here go to market news source. Market news summary from Channel News Asia Business News.Author: …

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Want to know more on Ericsson flags margin headwind over China 5G contracts, takes US$108 million charge click here go to market news source.
Market news summary from Channel News Asia Business News.
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