Ericsson agrees to pay over $1 billion to resolve U.S. corruption probe

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Ericsson agrees to pay over $1 billion to resolve U.S. corruption probe
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Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to re...

FILE PHOTO: An Ericsson logo is pictured at Mobile World Congress in Shanghai, China June 28, 2019. REUTERS/Aly Song

Ericsson has entered into a deferred prosecution agreement related to its scheme to make and improperly record tens of millions of dollars in payments, the Department said. The total includes a criminal penalty of more than $520 million and another $540 to be paid to the U.S. Securities and Exchange Commission in a related matter.

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