Swedish telecoms equipment giant Ericsson warned Tuesday that it expected further market decline outside China this year after booking a sizeable loss in 2023 due to a write-down and restructuring costs.Ericsson said it was 26.1 billion kronor ($2.5 billion) in the red last year after making a 19-billion-kronor profit in 2022, but the loss was slightly less heavy than forecast by analysts surveyed by financial data firm FactSet.\r\n\r\nThe loss was due to a write-down in October on the value of US cloud operator Vonage, which Ericsson acquired in 2022.\r\n\r\nEricsson, which is in a fierce competition over 5G networks with Finland’s Nokia and Chinese high-tech firm Huawei, also launched a cost-cutting programme that includes eliminating 8,500 jobs.