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Ericsson sets aside over 1bn for US corruption probe

2019-09-26 02:00:00| Total Telecom industry news

Ericsson estimates the cost of resolving an ongoing US corruption investigation to come in at around 12 billion kronor (€1.1 billion/US$1.2 billion) and has made a provision in that amount that will hit its third quarter results. The Swedish vendor has been under investigation in the US since 2013…read more on TotalTele.com »

Tags: us sets ericsson probe

 

US outlines $1bn fund so rural telcos can rip out Huawei, ZTE kit

2019-09-25 02:00:00| Total Telecom industry news

A US government committee has proposed the creation of a US$1 billion fund to help smaller mobile operators bear the cost of ripping out Huawei equipment. The cross-party House Committee on Energy and Commerce shared details of the bill on Tuesday. It will be considered alongside others at the Communications and Technology Subcommittee hearing on supply chain security and spectrum legislation on Friday…read more on TotalTele.com »

Tags: kit fund rural rip

 
 

Google to pay 1bn to end French tax probe

2019-09-12 18:04:39| BBC News | Business | UK Edition

The settlement ends a four-year investigation into Google's tax affairs.

Tags: end google pay french

 

Uber posts $1bn loss weeks after stock market listing

2019-05-30 22:41:27| BBC News | Business | UK Edition

The taxi company's first set of figures since going public come after its share price slumped.

Tags: posts market stock weeks

 

US supercomputer maker Cray Inc bought in 1bn deal

2019-05-17 19:17:51| BBC News | Business | UK Edition

Buyer HPE hopes to capture more of the market for data generated by areas such as artificial intelligence.

Tags: deal bought maker supercomputer

 

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