Ericsson Pleads Guilty to Breaching US Agreement in Bribery Case

Ericsson AB pleaded guilty to breaching a 2019 settlement with the Justice Department after it failed to be transparent about bribery schemes it operated in China and East Africa.

The telecommunications company, which admitted Tuesday in federal court to violating the Foreign Corrupt Practices Act, also agreed to pay a more than $206 million criminal penalty.

“It does turn the page for Ericsson and is a fundamentally important step for the company,” said Ericsson’s attorney, Joseph Warin.

The 5G equipment maker pleaded guilty to two charges that were part of a 2019 deferred prosecution agreement over allegations it paid ...