Ericsson sets aside $220m for potential US fine

Swedish kit maker Ericsson is preparing for another slap on the wrist from the US Department Justice (DoJ).
The company said this week it has made a provision totalling SEK2.3 billion ($220 million) in relation to a potential resolution of allegations that it breached the terms of a $1 billion settlement reached with US authorities in 2019.
That settlement was called the Deferred Prosecution Agreement (DPA), and related to corruption charges concerning Ericsson’s conduct in China, Djibouti