Ericsson AB said it expects to pay $1 billion to resolve investigations by U.S. authorities into business ethics breaches in six countries, including China, in one of the costliest corruption cases on record.

The Sweden-based telecommunications equipment maker said in a statement Thursday it has made a provision of 12 billion kronor ($1.2 billion) to cover the penalty, and this will dent third-quarter earnings. Ericsson said it can’t comment on details of the process with the U.S. Securities and Exchange Commission (SEC) and Department of Justice.

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