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Ericsson paying $207M fine to resolve breached DOJ deal

Ercisson group head office

Roland Magnusson/iStock Editorial via Getty Images

Ericsson (NASDAQ:ERIC) will plead guilty to previously deferred charges in a Justice Dept. bribery investigation and pay a fine of just under $207M, resolving a deferred prosecution agreement from 2019.

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Comments (5)

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Go and do likewise profile picture
When this first came to light, people were expecting in excess of $1B. So coming in at $207M is definitely a positive.
cntrofatttn profile picture
@Go and do likewise true. probably it's not $1B, because the US needs Ericsson's technology and patents: www.ericsson.com/...
Finally, this scumbag will go to 8-10 now!
@Rocksmani_00 Doubtful. This situation will prove to be quite the long term stain on their respectability.
@Co_Mod_I_T i am always hopeful. Lets see!
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