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Ericsson pays over USD 1 bln to resolve bribery charges in the US

2019-12-09 08:54:00| Telecompaper Headlines

(Telecompaper) Ericsson has agreed to pay USD 520.6 million and USD 458.4 million (plus pre-judgement interest of USD 81.5 million) to settle bribery charges brought by the US Department of Justice (DoJ) and Securities and Exchange Commission (SEC), for a total of over USD 1 billion. CEO Borje Ekholm said the Ericsson can move forward and build a stronger company. 

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