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Ericsson Rolls Out Vonage Turnaround Plan as Losses Mount

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Ericsson’s Vonage software business accumulated $450 million in operating losses since mid-2022, with another $1.1 billion hit in July 2024. Vonage generated most of enterprise revenue but reported a first-half operating loss of SEK2.4 billion on SEK8.7 billion in sales. A leadership transition is underway as Per Narvinger prepares to take over CEO duties in October.

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