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The Swedish company has previously said that it initially
received questions from U.S. authorities in March 2013 and that
it has been cooperating with the U.S. Securities and Exchange
Commission and the U.S. Department of Justice.
"I'm trying to say that we have taken quite a lot of actions and
done quite a lot of activities," Ericsson Chief Executive Borje
Ekholm told a press conference, after the group reported
stronger-than-expected third-quarter results.
The 50 employees have left the company since Ericsson began its
own investigation in 2013, a company spokesman said, but
declined to be more precise. Several regions were affected, but
the spokesperson declined to give details.
Ericsson has not commented on previous media reports that U.S.
authorities were investigating its business practices in Romania
and in China.
"We believe that the resolution of these matters will likely
result in monetary and other measures, the magnitude of which
cannot be estimated currently but may be material," Ekholm said
in a statement.
Findings of corruption by U.S. authorities can result in hefty
fines for companies under the Foreign Corrupt Practices Act.
(Reporting by Helena Soderpalm and Olof Swahnberg; Editing by
Susan Fenton)
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