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Ericsson has reached an agreement with Nokia for settling a damages claim of 80 million euros ($97 million). The settlement relates to events that were the subject of a 2019 resolution with the U.S. Department of Justice (DOJ) and U.S. Securities and Exchange Commission (SEC) of investigations into Ericsson’s violations of the U.S. Foreign Corrupt Practices Act (FCPA).

As communicated in 2019, the resolution with DOJ related to criminal charges of books and records and internal controls violations of the FCPA in five countries including in Djibouti and a guilty plea to one instance of bribery in Djibouti. The resolution with the SEC related to allegations of violations of the books and records and internal controls provision of the FCPA in six countries and of the bribery provision of the FCPA in three of these six countries.

The agreement with Nokia contemplates the payment by Ericsson of a total settlement amount of EUR 80 m (SEK 0.8 b equivalent). Ericsson stated that the amount reflects uncertainty, risk, expense, and potential distraction from business focus associated with a potentially lengthy and complex litigation.

According to the Swedish vendor, the settlement will have an impact of EUR 80 m on EBIT and EUR 26 m on cashflow in Q2 2021. The remainder of the settlement amount will be made in similar installments in 2022 and 2023 respectively, impacting cash-flow. The settlement amount will be recorded as Other Operating Expenses under Segment Emerging Business and Other.

 

Nokia and UN Women have together launched four pilot projects to bolster inclusion and diversity for equality. These pilots aim to address four different areas such as increasing the number of women employees, raising awareness of cervical cancer and uterine fibroids, promoting STEM (science, technology, engineering and mathematics) education, and empowering gender-based violence victims. After the successful execution of the pilots, the two organizations plan to roll these projects out in more countries across the Middle East and Africa region.

Read more: Nokia to act with UN Women on inclusion and diversity in the MEA region

Huawei’s Eco-development department has started a first-of-its-kind initiative to support regional companies that have recently launched their mobile app within the Middle East and Africa regions. They can grow their userbase through Huawei’s official app distribution platform AppGallery that leverages the Huawei Mobile Service Core (HMS).

Read more: Huawei launches new program to support mobile app startups in Middle East, Africa

Nokia announced the company’s financial results for the first quarter 2021, registering a strong start to the year with constant currency net sales up 9% year-on-year, driven by strong growth in network infrastructure and solid growth in mobile networks; reported net sales increased 3%.

Read more: Nokia delivers robust start to the year with strong financial results

Huawei launched six innovative products and services to deliver new levels of efficiency and quality to help developers push new frontiers in the cloud sector.  The announcement was made at the Huawei Developer Conference (HDC.Cloud) 2021 in Shenzhen, China.

Read more: Huawei launches 6 new products to power up Cloud business

Nokia has announced the deployment of its cloud-native convergent charging solution on Amazon Web Services (AWS) to accelerate communications service providers (CSPs) migration of business-critical, high frequency charging applications to the public cloud, and to deliver the benefits of the cloud for 5G.

Read more: Nokia debuts innovative public cloud charging for CSPs on AWS

More than 2000 tertiary students have benefited from a joint ICT training programme between Huawei and South Africa’s Department of Communications and Digital Technologies (DCDT). The students hail from more than 20 universities and TVET colleges. More than 900 of the students have additionally benefitted from knowledge sharing and virtual tours to Huawei’s 5G lab in Shenzhen, China.

Read more: Huawei equips South African students with vital 4IR skills

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