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Ericsson pleads guilty in U.S. to federal bribery violations, agrees to pay $206 million penalty

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Ericsson pleads guilty in U.S. to federal bribery violations, agrees to pay $206 million penalty

Ericsson recently announced it is planning to cut 8,500 jobs as part of its cost-cutting measures.

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Swedish telecommunications giant Ericsson agreed to pay a $206 million penalty and pleaded guilty to violating the anti-bribery provisions of the Foreign Corrupt Practices Act, U.S. prosecutors

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Thursday evening.

Ericsson had already paid a $520.6 million penalty in 2019 over what New York federal…

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