Full text of the statement from Ericsson: Yesterday [Wednesday], the U.S. District Court for the Eastern District of New York dismissed with prejudice the securities litigation against Ericsson (NASDAQ: ERIC) brought by certain shareholders. In its ruling, the court rejected in full the plaintiff's claims that Ericsson misled investors and concluded that Ericsson did not […]
By John Lee. More than 500 Americans have filed an Anti-Terrorism Act complaint against Swedish telecom company Ericsson for allegedly aiding campaigns of terrorism in Iraq, Afghanistan, and Syria conducted by al-Qaeda, al-Qaeda-in-Iraq, and Islamic State from 2004 through 2022. According to a statement for the legal firm Sparacino PLLC, Ericsson is accused of making […]
By John Lee. Shares in Swedish telecom company Ericsson have again fallen sharply, following further disclosures about the its conduct in Iraq, and concerns that it had not cooperated fully with the US Department of Justice. In a statement on Wednesday, the company said: "On December 6, 2019, Ericsson entered into a Deferred Prosecution Agreement […]
By John Lee. Shares in Swedish telecom company Ericsson closed down nearly 11 percent on Wednesday after the company admitted that some of its employees may have bribed members of the Islamic State group (IS, ISIL, ISIS, Daesh) in Iraq. In a lengthy statement to the markets, the company said: "The investigating team also identified […]
By John Lee. Swedish telecoms company Ericsson has said it is reviewing its investigation into past compliance concerns in Iraq. In a press release, the company said: "Ericsson (NASDAQ: ERIC) has received questions from media regarding past compliance related matters in Iraq. It appears media will focus on the conduct of business in unstable regions […]
By John Lee. Zain Iraq and Ericsson have announced an Internet of Things (IoT) competition for university students in Iraq. The first-of-its-kind competition will run for six weeks during which the students are invited to present use cases to address the possibilities of 5G-IoT and industry digitalization and ultimately capture their full business potential. The […]
In an effort to make quality secondary education more accessible in Iraq, Ericsson has partnered with Zain Iraq to bring its ‘Connect to Learn’ global education initiative to the country, with its initial deployment set for a school in Baghdad. The initiative aims to scale up quality secondary education for students and teachers by providing […]
Zain Iraq has selected Ericsson (NASDAQ: ERIC) to modernize a number of its legacy sites with Ericsson Radio System in a contract signed recently that serves to strengthen the partnership of the two companies. Under the terms of the deal, Ericsson will reinforce its role as a trusted business partner by providing higher capacity and […]
By John Lee. In preparation for the anticipated increase in data traffic and demand in Iraq, Zain Iraq has invested in the implementation of Ericsson’s award-winning virtual Evolved Packet Core (vEPC) solution nationwide. The deal is Ericsson’s first vEPC contract in Iraq, and one of the first in the Middle East and Africa (MEA) region. […]
Zain Iraq has selected Sweden's Ericsson to upgrade its existing network using Ericsson’s virtual Evolved Packet Core (vEPC) offering to meet the growing data demands of its customers in the region. Under this collaboration, Ericsson will modernize the current infrastructure of Zain Iraq’s network by implementing a solution that will enable the operator to quickly […]
Ericsson has been awarded an extension of its Managed Services contract with Zain Iraq until 2021, after successfully providing Managed Services for Networks, IT and value-added services to the operator since 2012. Under the terms of the new contract, Ericsson strengthens its role as a trusted business partner by supplying a Service Operation Center and […]
Zain Iraq and Ericsson have signed a three-year extension of their network and IT operation and optimization managed services agreement. Under the extended agreement, Ericsson will continue to optimize, transform and manage network and IT operations for Zain’s nationwide 3G mobile network in Iraq, which currently includes over 4,200 sites across the country. This agreement […]
