Ericsson sheds its straitjacket

» Updated: Tue 16 Jul 2024 15:09 CEST

» Published: Mon 3 Jun 2024 08:07 CEST

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

Share this article

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.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Volvo Cars CEO Håkan Samuelsson Plans to Find Successor in Two Years
2 MIN READ

Volvo Cars CEO Håkan Samuelsson Plans to Find Successor in Two Years

Sweden Hotels See Strong Summer with 6% Rise in Occupancy
1 MIN READ

Sweden Hotels See Strong Summer with 6% Rise in Occupancy

Media Investments Decline in August as Digital Grows
1 MIN READ

Media Investments Decline in August as Digital Grows

Peab to Build Hitachi Energy Facility in Västerås for 1.1 Billion Kronor
1 MIN READ

Peab to Build Hitachi Energy Facility in Västerås for 1.1 Billion Kronor

Ikea partners with Best Buy to expand kitchen solutions in the US
1 MIN READ

Ikea partners with Best Buy to expand kitchen solutions in the US

Stockholm Stock Exchange Opens Slightly Higher
1 MIN READ

Stockholm Stock Exchange Opens Slightly Higher

ASML Invests 1.3 Billion Euros in French AI Firm Mistral
1 MIN READ

ASML Invests 1.3 Billion Euros in French AI Firm Mistral

Klarna's Stock Market Debut Features Limited Share Availability
3 MIN READ

Klarna's Stock Market Debut Features Limited Share Availability

Nikkei Reaches Record High Amid Japanese Market Surge
1 MIN READ

Nikkei Reaches Record High Amid Japanese Market Surge

Murdoch Family Finalizes Future Control of Fox After Rupert's Passing
1 MIN READ

Murdoch Family Finalizes Future Control of Fox After Rupert's Passing

Wall Street Sees Modest Gains as Trading Week Begins
1 MIN READ

Wall Street Sees Modest Gains as Trading Week Begins

Railway Derailments Disrupt Swedish Industry and Economy
3 MIN READ

Railway Derailments Disrupt Swedish Industry and Economy

Brazil's Lula Criticizes Trump's Tariffs at Brics Meeting
1 MIN READ

Brazil's Lula Criticizes Trump's Tariffs at Brics Meeting

Swedish Pensions Agency Reclaims 48 Million Kronor for Allra Victims
2 MIN READ

Swedish Pensions Agency Reclaims 48 Million Kronor for Allra Victims

Space X Acquires Network Spectrum from Echo Star in $17 Billion Deal
1 MIN READ

Space X Acquires Network Spectrum from Echo Star in $17 Billion Deal

Klarna Valuation Could Reach 150 Billion Kronor in 2023 Analysis
1 MIN READ

Klarna Valuation Could Reach 150 Billion Kronor in 2023 Analysis

Criticism Over No Increase in Sweden's Child Allowance
2 MIN READ

Criticism Over No Increase in Sweden's Child Allowance

Southern Sweden Gains Most from Electricity Price Protection
3 MIN READ

Southern Sweden Gains Most from Electricity Price Protection

Left Party Urges Transparency on Food Prices Ahead of VAT Reduction
1 MIN READ

Left Party Urges Transparency on Food Prices Ahead of VAT Reduction

German Industrial Production Surges Beyond Expectations in July
1 MIN READ

German Industrial Production Surges Beyond Expectations in July