Ericsson's Massive Write-Down Raises Questions About 5G Development

Ericsson has announced a significant write-down related to its VODGE acquisition, leading to concerns about the company's plans to accelerate its 5G developer innovation. The write-down is attributed to declining values of companies in the same market space as VODGE. Despite this setback, Ericsson remains bullish on the development of its global network platform and believes that leveraging VODGE's API perspective will make its network deployments more programmable. Critics argue that Ericsson overpaid for VODGE, but the company remains optimistic that the true value of VODGE will come from the developer community.