Ericsson to pay $97 mln to Nokia for after settling damages claim
The Hindu
Ericsson said on Wednesday the settlement would impact operating profit (EBIT) by 80 million euros and cash flow by 26 million euros in the second quarter.
(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) Telecoms gear maker Ericsson has reached an agreement with Finland's Nokia to pay a damages claim of 80 million euros ($97 million), it said on Wednesday. Ericsson said the settlement followed investigations by the U.S. Department of Justice (DoJ) into corruption, including the bribing of government officials. It settled with the DoJ in 2019 and agreed to pay over $1 billion in penalties.More Related News
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