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Ericsson sheds its straitjacket

» Updated: 16 July 2024, 15:09

» Published: 03 June 2024

Ericsson sheds its straitjacket
Photo: Lars Schröder / TT/TT

The American independence observer of Ericsson's rule compliance ends its mandate, writes the telecommunications giant in a press release.

The observer's review was initiated in the wake of Ericsson's numerous suspected cases of corruption crimes, which also resulted in multibillion-dollar fines for the US authorities.

"This is a significant milestone on the journey to improve our organization. Over the past four years, we have implemented key requirements and processes for regulatory compliance," writes CEO Börje Ekholm in a comment.

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By TTThis article has been altered and translated by Sweden Herald

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