FILE PHOTO: Ericsson logo is seen at its headquarters in Stockholm, Sweden June 14, 2018. REUTERS/Olof Swahnberg//
STOCKHOLM (Reuters) - Ericsson said on Thursday it would book a 2.3 billion Swedish crown ($220 million) provision for an expected fine from U.S. authorities for the breach of a settlement reached in 2019.
Ericsson's share price surged 7.7% in afternoon trading, as analysts had expected a larger fine similar to the $1 billion it paid in 2019 as part of a bribery settlement.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.