Ericsson said it is cooperating with US authorities
Swedish vendor Ericsson is under investigation by U.S. authorities over possible corruption in its activities in China, according to Swedish press reports.
Ericsson confirmed it received a request from the U.S. Securities and Exchange Commission in March 2013 to voluntarily provide information on its anticorruption policies and procedures, as well as some of its operations. The Swedish company also said the questions were related to the U.S. Foreign Corrupt Practices Act.
The vendor said in a statement that it is cooperating with U.S. authorities and working diligently to answer the questions.
“While we strive to at all times conduct our business in compliance with applicable laws, matters do arise from time to time as a result of the global nature of our business,” company representatives said.
Ericsson added that it will not provide any other comment related to this issue. “As a listed company, we always follow the requirements to publicly disclose any information about events that would have a material impact on the company or its finances. Should such materiality arise, Ericsson will disclose information in accordance with regulatory requirements.”
Ericsson and Far EasTone to establish 5G lab in Taiwan
Taiwanese multiservice operator Far EasTone signed a memorandum of understanding with Ericsson under which it will establish what it claims will be the nation’s first “5G” laboratory. According to the Taipei Times, the collaboration between the two companies is part of FET’s efforts to create an open 5G ecosystem, while it is looking to begin trials of next-generation mobile technology in 2018, ahead of a commercial launch in 2020.
Under the terms of the MOU, FET will set up its 5G laboratory in New Taipei City’s Banciao District in the next quarter, and, with a view to accelerating research progress, the facility will be open to hardware makers, software developers and platform developers.
“We are seeking a clearer picture of the 5G business. The cooperation … will help us be better prepared to offer 5G services,” Douglas Hsu, FET chairman was quoted as saying.
