STOCKHOLM, Dec. 5, 2019 /PRNewswire/ -- As previously
disclosed, Ericsson (NASDAQ: ERIC) is in discussions with the U.S.
Department of Justice (DOJ) and the Securities and Exchange
Commission (SEC) regarding the resolution of their investigations
of the Company's compliance with the U.S. Foreign Corrupt Practices
Act (FCPA).
In light of recent media coverage about the resolution of the
investigations the Company will not comment other than to confirm
that the provision of USD 1.2 b.is
still its current estimate of the amounts needed to cover the
monetary sanctions, plus other related costs, as announced on
September 26, 2019.
NOTES TO EDITORS:
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About Ericsson
Ericsson enables communications service providers to capture the
full value of connectivity. The company's portfolio spans Networks,
Digital Services, Managed Services, and Emerging Business and is
designed to help our customers go digital, increase efficiency and
find new revenue streams. Ericsson's investments in innovation have
delivered the benefits of telephony and mobile broadband to
billions of people around the world. The Ericsson stock is listed
on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com
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Ericsson comments on
press coverage about the resolution of ongoing U.S. FCPA
investigations
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