Stock Market News
Ericsson says to suspend business in Russia indefinitely
2022.04.11 10:37
FILE PHOTO: An Ericsson logo is pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song
STOCKHOLM (Reuters) – Swedish telecom equipment maker Ericsson (BS:ERICAs) said on Monday it was suspending its business in Russia indefinitely.
It said in a statement it would record a 900 million crown ($95.17 million) provision in the first quarter related to move.
($1 = 9.4568 Swedish crowns)
