Ericsson makes $1.2 billion provision to settle U.S. corruption probe

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The Ericsson investigation covers a period up to the first quarter of 2017, and involves operations in 6 countries: China, Djibouti, Indonesia, Kuwait, Saudi Arabia and Vietnam.

ERICSSON. Flags with the logo of telecoms equipment maker Ericsson flutter outside the company's headquarters in Stockholm on October 4, 2016. Photo by Maja Suslin/TT News Agency/AFP

The charge, which will impact the company's third quarter earnings, covers the penalty Ericsson expects to receive, it said.

 

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