Ericsson Estimates Costs for Resolving Investigations by U.S. Authorities at SEK 12 b. and Makes Provision in Third Quarter
The company previously communicated that the resolution of the investigations will result in material financial and other measures.
- The company previously communicated that the resolution of the investigations will result in material financial and other measures.
- The provision will be booked as Other Operating Expenses in the income statement of Segment Emerging Business and Other.
- In the course of the investigations, the Company identified breaches of its Code of Business Ethics and the FCPA.
- In addition to the estimated costs related to resolving the investigations, Ericsson could experience reputational harm and other negative consequences as a result of these matters.