Skip to content

Ericsson’s New Fines May Reach $300 Million, Handelsbanken Says

Day Two of Mobile World Congress Barcelona 2022
Photographer: Angel Garcia/Bloomberg

Ericsson’s alleged misconduct in Iraq could trigger fines in the range of $100 million to $300 million, Svenska Handelsbanken analyst Daniel Djurberg said in emailed comments.

Thursday’s news that the US Securities and Exchange Commission had started an investigation into the Swedish company “is obviously negative for the share, but should come as no major surprise to the market,” said Djurberg, who rates the stock a buy.