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Dec 06, 2019 | Regulatory release

Ericsson reaches resolution on U.S. FCPA investigations

  • Ericsson has entered into a three-year Deferred Prosecution Agreement (DPA) with the U.S. Department of Justice (DOJ) to resolve criminal charges related to violations of the FCPA.  This relates to accounting violations of the FCPA in five countries including in Djibouti where there is also a charge of bribery. In the agreement, the DOJ agrees to defer the prosecution of those charges and to have them dismissed at the end of the term in exchange for Ericsson complying with the conditions of the DPA. Conditions include a payment by Ericsson of a fine of USD 520,650,432. As part of the resolution with the DOJ, Ericsson's Egyptian subsidiary has entered a guilty plea to the bribery charge in Djibouti.
  • Separately, Ericsson agreed to resolve civil charges brought by the Securities and Exchange Commission (SEC) relating to allegations of violations of the bribery and accounting provisions of the FCPA.  Ericsson agreed to the entry of a judgment enjoining it from future violations of the FCPA and it agreed to pay a financial sanction of USD 458,380,000, plus pre-judgment interest of USD 81,540,000.
  • As part of the settlement, Ericsson has agreed to engage an independent compliance monitor for a period of three years while the Company continues to undertake significant reforms to strengthen its Ethics & Compliance program.
  • The combined payment of USD 1.06 b. (SEK 10.1 b.) as per above is fully covered by the SEK 11.5 b. provision taken in Q3 2019.

Also available in Svenska

Dec 03, 2019 | News

Azercell and Ericsson partner to develop 5G in Azerbaijan

Ericsson and Azerbaijani communications service provider Azercell have signed a three-year 5G Memorandum of Understanding (MoU) spaning the joint deployment of 5G projects, trials, and use cases.

Dec 02, 2019 | General press release

Ericsson Spectrum Sharing milestone connects continents, 5G live networks and 5G devices

• Data call connects Bern, Switzerland and Gold Coast, Australia using Ericsson Spectrum Sharing over live commercial 5G networks and commercial form factor 5G smartphones
• Milestone shows dynamic spectrum sharing supports 5G smartphones, enabling service providers to quickly launch 5G services over a wide area and expand 5G coverage
• Ericsson, together with industry leaders OPPO, Qualcomm Technologies, Swisscom and Telstra, move towards commercial dynamic spectrum sharing

Nov 28, 2019 | General press release

Orange opts for Ericsson Operations Engine in managed services extension

  • Three-to-five-year Orange contract extension covers Belgium, Moldova, Romania, Slovakia, and Spain
  • Ericsson Operations Engine, an AI-driven operating model, will be implemented to enhance Orange subscribers’ user experience
  • Deal will see additional use of AI and automation of operations

Nov 28, 2019 | General press release

Ericsson’s Cloud Packet Core to strengthen SK Telecom’s 5G network

  • In November 2019, Ericsson and SK Telecom entered a new commercial agreement - turning on a Cloud Packet Core in the operator’s commercial 5G core network
  • The deal expands on an existing 5G core network transformation project and will help SK Telecom improve network performance and user experience

Nov 28, 2019 | News

Optus launches 5G in Australia

Australian communication service provider Optus – a subsidiary of Singtel – has launched commercial 5G in Australia, with Ericsson included as part of the network rollout. This announcement solidifies Ericsson’s position as the leading provider of 5G in Australia.

Nov 25, 2019 | General press release

Ericsson Mobility Report: 5G subscriptions to top 2.6 billion by end of 2025

  • 5G to cover up to 65 percent of the world’s population by the end of 2025 and handle 45 percent of global mobile data traffic
  • Smartphone users to consume a global average of 24 GB per month in 2025 from 7.2 GB currently, as video usage increases and new services become available
  • Total number of cellular IoT connections estimated at five billion by the end of 2025, from 1.3 billion by end of 2019

Also available in Pусский

Nov 14, 2019 | General press release

MTN South Africa opts for Ericsson 5G

  • 5G commercial contract is part of MTN South Africa’s network modernization
  • Includes Ericsson radio access network, core, and transport products and solutions
  • MTN and Ericsson are working together to identify and develop 5G use cases and applications to drive industry digital transformation