Ericsson facing new losses

During their years at Ericsson Hans Vestberg and Carl-Henric Svanberg spent more than SKr 65 billion on company acquisitions, many of which were a disappointment. For example, the acquisition of US internet router maker Redback, which Ericsson bought in 2007 for SKr 13 billion was a disaster. Analysts now forecast that the telecoms giant may be forced to book a SKr 20 billion asset write down in its Q3 report, which will be published on Friday.