Swedish kit vendor Ericsson’s proposed takeover of US cloud unified communications provider Vonage has been pushed back until the end of July due to an ongoing investigation by the US Committee on Foreign Investment.
It comes as no great surprise to learn US authorities have opened a formal investigation into its historical activities in Iraq, but its shares still took another hit on the news.
A combination of historical misdeeds in Iraq and the need to pull out of Russia loomed heavy on Swedish kit vendor Ericsson’s latest quarterlies.
As the controversy around its alleged dodgy dealings in Iraq continues, Swedish kit maker Ericsson has today made a statement supporting its CEO.
Ericsson boss Börje Ekholm (pictured) was in the firing line again on Wednesday following fresh revelations about his company’s historical misconduct in Iraq.
Swedish kit vendor Ericsson has been forced to reveal the outcomes of an internal inquiry into the historical conduct of some of its employees in Iraq and investors are running scared.
Iraqi operator Asiacell, a subsidiary of Qatari operator group Ooredoo, has appointed Amer Al Sunna as its CEO.
LTE services have been deployed in Iraq, by network infrastructure vendor Alcatel-Lucent and Regional Telecom, a communications service provider in Northern Iraq.
France Telecom has finally confirmed rumours that have been circling since December, announcing plans to take a sizeable stake in Iraqi mobile operator Korek Telecom.
Struggling US vendor Motorola said Tuesday that it has been awarded a managed services contract by Zain Iraq.
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