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Ericsson estimates costs for resolving investigations by U.S. authorities at SEK 12 b. and makes provision in third quarter
- As previously disclosed, Ericsson has been co-operating voluntarily with investigations by the United States Securities and Exchange Commission (SEC) and with the United States Department of Justice (DOJ) regarding the Company’s compliance with the U.S. Foreign Corrupt Practices Act (FCPA).
- Ericsson makes a SEK 12 b. provision related to resolving the investigations, that will impact the third quarter 2019 results, to cover an estimated monetary sanction of USD 1.0 b, plus other related costs. The process to find a resolution is still ongoing.
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Ericsson and the UN World Food Programme provide ICT based solutions for improving food security to Government of Odisha
- The state government recognizes the contribution that the project has made in furthering the state’s ambition of making Odisha food secure.
- Learnings from the project are now being used to further optimize the supply chain of the Targeted Public Distribution System (TPDS)in all 30 districts across Odisha.
- In 2018, Ericsson and WFP Trust for India initiated a project to use Information and Communication Technology (ICT) solutions to enhance and integrate TPDS supply chain system in Odisha.
Ericsson ramps up digitalization and production at European factories
Ericsson’s factory in Estonia is nearing the completion of a major SEK 500 million investment, while the company has established production with a partner in Poland – both part of its global supply strategy of securing fast and agile deliveries through customer proximity. The factories directly benefit the European market as well as supporting Ericsson’s global ecosystem.
Ericsson Industry 4.0 Center of Excellence to benefit European customers
Ericsson has opened a Center of Excellence at its Eurolab R&D site in Aachen, Germany, to strengthen 5G products and service abilities and bolster partnerships with communication service providers as Industry 4.0 becomes a reality in Western Europe.
Ericsson and Telstra bring 5G to MCG for Aussie Rules Grand Final
Ericsson-enabled 5G stadium coverage is set to enhance the connectivity experiences of Telstra customers with 5G handsets attending the biggest day in the Australian Football League’s (AFL) annual calendar – the AFL Grand Final on September 28.
Ericsson to begin US 5G smart manufacturing in Lewisville, Texas, in early 2020
Ericsson’s USD 100 million next-generation smart manufacturing factory in the United States will be located in Lewisville, Texas, a suburb close to Dallas/Fort Worth International Airport and Ericsson’s North America headquarters in Plano.
Ericsson automated smart factory operational in China
- Nanjing factory now among the most advanced manufacturing facilities in the world with the Chinese market set to be the major beneficiary
- Every step of production modernized and cellular IoT, Industry 4.0 and AI tools and technologies implemented
- Next-generation smart manufacturing fast-tracked through a modular and flexible production setup in Ericsson factories around the world
Ericsson helps expand 5G to rural US customers
As 5G continues its nationwide rollout in the US, Ericsson is a key driver expanding access to enhanced mobile communications for rural customers.
Ericsson and Qualcomm achieve commercial standalone 5G milestone
The transition to the second phase of commercial 5G – standalone 5G – is a major step closer following the successful completion of a standalone 5G data connection by Ericsson and Qualcomm Technologies.