Ericsson said it is cooperating with U.S. authorities in an investigation into alleged corruption dating back more than three years. The telecom gear vendor said last week that it received a request from the U.S. Securities and Exchange Commission in 2013 seeking information on its anticorruption policies and procedures. Ericsson said the questions were related to the 1977 Foreign Corrupt Practices Act, which addresses accounting transparency requirements as well as the bribery of foreign officials.
Conspiracy theorists may wonder how Stockholm, where Ericsson's headquarters are located, just happened to land at the top of Ericsson's Networked Society City Index 2016 – the second year in a row it's achieved such distinction.
Ericsson wrapped up a busy week of 5G developments by announcing a new programme with Swisscom and unveiling what it described as "5G plug-ins" to help bridge the gap with current mobile networks.
Ericsson confirmed reports that it is the subject of anti-corruption investigations by U.S. authorities, but declined to provide in-depth details of the probes.
Ericsson announced the launch of its 5G Plug-Ins, which it describes as software-driven innovations that bring essential 5G technology concepts to today's cellular networks.
Sprint used the 15 GHz centimeter wavelength spectrum and gear from Ericsson this week to deliver download speeds up to 4 Gbps during a 5G demonstration in the parking lot at Lincoln Financial Field in Philadelphia during the Copa América Centenario soccer tournament.
Ericsson unveiled three initiatives under its "5G for Germany" programme, which places a strong focus on the industrial use cases for 5G and the Internet of Things (IoT) and forms part of the company's "5G for Europe" programme announced in 2015.
VimpelCom entered into a $1 billion (€887 million) software partnership with Ericsson that the infrastructure company said would radically transform the operator's global IT infrastructure.
Huawei, Ericsson, KPN, and Vodafone were among 10 partners that launched a 5G test bed in the Dutch province of North Groningen with a focus on developing practical applications for the next-generation technology.
TIM became the latest European operator to sign an agreement with a leading vendor as part of efforts to boost the development of future 5G technology through a deal with Ericsson.