Ericsson agrees to pay over $1 billion to resolve U.S. corruption probes
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WASHINGTON (Reuters) - Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday.The bribery took place over many years in countries including China, Vietnam, and Djibouti, the department said. The total charges include a criminal penalty of more than $520 million (405.30 million pounds), plus $540 million to be paid to the U.S. Securities and Exchange..