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Ericsson to pay over $200 mn for breaching US deal over Iraq graft: statement
March 3, 2023 16:32 pm
STOCKHOLM, March 3: Swedish telecom equipment maker Ericsson has said it will pay a $207 million fine for breaching a deal with US authorities by not disclosing an investigation relating to suspected bribes to the Islamic State group in Iraq.
Ericsson says on track for 2020 targets as Q2 profit matches forecasts
July 17, 2019 12:18 pm
STOCKHOLM, July 17: Mobile network gear maker Ericsson (ERICb.ST) posted a second-quarter profit in line with expectations on Wednesday and said it was on track to meet its financial goals due to strong sales of 5G equipment.
India's RCom jumps after Mukesh Ambani bails out brother Anil on Ericsson dues
March 19, 2019 12:30 pm
March 19: Shares of Anil Ambani-led Reliance Communications Ltd (RCom) were locked in the upper circuit on Tuesday after his elder brother Mukesh Ambani helped pay off debt owed to Sweden’s Ericsson.
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