Ericsson said on Monday it will gradually wind down business activities in Russia over the coming months as the Swedish telecoms equipment maker completes its obligations to customers. The company, which suspended its business in Russia indefinitely in April, said it has about 400 employees in Russia and would provide financial support to affected employees. […]
sweden
Swedish prosecutors have opened a preliminary investigation in to alleged bribes paid by telecom giant Ericsson in Iraq, Swedish news agency TT said on Wednesday, quoting the prosecutor Leif Gorts as saying. “Yes, I can confirm that, but I can not go into more detail about what it concerns as it has just begun,” Gorts […]
Ericson reported on Tuesday a grow in its organic sales of eight percent of its market value as Geopolitical tensions grow between the Swedish company and the world’s second largest economy, following the company’s warning of its deteriorating market share in China. The telecoms vendor – one of Huawei’s biggest competitors – announced that both […]