UPDATE 1-Ericsson announces $2.9 bln impairment charge in Q3

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.