Ericsson slips on another Vonage impairment charge
** Shares in Ericsson ERICb.ST slip around 1% after the Swedish telecom equipment makerannounced another impairment charge for its acquisition of cloud communications firm Vonage
** Ericsson says the SEK 11.4 billion ($1.09 billion) impairmentreflects "lower anticipated market growth in some of Vonage's current portfolio"
** "Fair to say that Ericsson has significantly overpaid for this asset," PP Foresight analyst Paolo Pescatore says
** "Questions were raised at the time of the acquisition and even more so following the second impairment change," Pescatore says
($1 = 10.4933 Swedish crowns)
Reporting by Agnieszka Oleńska
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