Nicholson on Ericsson Records $1.2B Cost on Venture

Nicholson on Ericsson Records $1.2B Cost on Venture Play

Ericsson AB said it will record an expense of 8 billion kronor ($1.2 billion) for writing off the value of its wireless-chip alliance with STMicroelectronics NV as it considers options including shutting the venture down. Christopher Nicholson, director of Oraca Ltd, discusses the news on Bloomberg Television's "City Central."

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