Swedish telecoms – BOL News Staging

Ericsson says new US fines probably over Iraq corruption

April 14, 2022 by Ali faizan rizvi

Swedish telecoms equipment massive Ericsson stated Thursday it’s going to in all likelihood need to pay new fines to the USA Department of Justice over suspected bribes to the Islamic State group in Iraq. Chief govt Borje Ekholm conceded in a newspaper interview in February that a number of Ericsson personnel might also have bribed … Read more

Ericsson profits soar despite China trouble

January 25, 2022 by Muhammad Zubair

STOCKHOLM: Swedish telecoms giant Ericsson on Tuesday said its net profit soared in 2021, with a better-than-expected performance in the fourth quarter despite losing ground in the key Chinese market. The world’s number two telecoms equipment maker is competing with China’s Huawei in the global rollout of ultra-fast 5G mobile phone networks. But Ericsson’s sales … Read more

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