Ericsson announces settlement with impact in second quarter 2021
· Settlement with Nokia of EUR 80 m (SEK 0.8 b equivalent) related to 2019 resolution with the U.S. authorities · Impact of EUR 80 m on EBIT and EUR 26 m on cashflow in Q2 2021Ericsson (NASDAQ: ERIC) has reached an agreement with Nokia for settling a damages claim against Ericsson. The settlement relates to events that were the subject of a 2019 resolution with the U.S. Department of Justice (DOJ) and U.S. Securities and Exchange Commission (SEC) of investigations into Ericsson’s violations of the U.S. Foreign Corrupt Practices Act (FCPA). As communicated in 2019, the resolution with