Department of Justice
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Ericsson lied to US authorities when it tried to settle a corruption case in 2019 and has paid a further fine of more than US$206 million. -
Ericsson has said it is hoping the penalties it has to pay the US because of illegal operations can be kept to US$220 million.
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Ericsson has given up on Russia, but has another year of grief from the American justice system following its illegal activities in Iraq.
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Ericsson has received clearance from the Committee on Foreign Investments in the US (CFIUS) to complete its acquisition of Vonage Holdings.
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Ericsson’s US$6.2 billion takeover of Vonage Holdings Corp has been delayed until the end of July, pending an investigation by a US national security panel.
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Amazon, Apple, Facebook and Google have come closer to facing regulation in the US following approval of a report by the House of Representatives Judiciary Committee.
Forthcoming events
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The new US president is suspending actions started by the former Trump administration against Chinese apps TikTok and WeChat.
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Puerto Rico’s WorldNet Telecommunications is to take on some of AT&T and Liberty’s business on the island in order to make way for a takeover deal.
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A US judge will hear the closing arguments tomorrow in a court case that is likely to be the final act in the long-running $26 billion Sprint/T-Mobile merger drama.
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The long-running saga of the $26 million T-Mobile-Sprint merger in the US has entered the last lap, as the companies try to satisfy the last objectors.
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The $26 billion merger between T-Mobile US and Sprint is expected to be approved today, Thursday, following a deal between satellite TV company Dish and Sprint.
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The US Justice Department has begun an investigation into what it thinks may be anti-competitive actions by online platforms.
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The US government wants Sprint and T-Mobile US to carve out a new mobile company as part of the conditions for approval of their $26 billion merger.
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T-Mobile US and Sprint have pushed their $26 billion merger deadline forward three months to Monday 29 July.
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Russian operator MTS has agreed to pay a fine of $850 million for corrupt practices in its former subsidiary in Uzbekistan.
