(Il Sole 24 Ore Radiocor) - London, 12 Jul - In European stock market dealings, Swedish telecom giant Ericsson shares rallied 4.36% at 70.88 Swedish crowns in Stockholm after revenue declined less than expected in the second quarter.

Ericsson said that in the second quarter of 2024 it posted a net loss of 11.0 billion crowns, up from a loss of 0.6 billion a year earlier, after booking a non-cash impairment charge of 11.4 billion crowns primarily reflecting lower anticipated market growth rates in the portfolio of its US cloud communication subsidiary Vonage.

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(RADIOCOR) 12-07-24 18:42:45 (0513) 5 NNNN