investigation Archives - Telecoms Tech News

CMA launches Vodafone-Three merger investigation

Ryan Daws — Fri, 26 Jan 2024 16:13:07 +0000

The UK’s competition regulator has opened an in-depth investigation into Vodafone’s proposed merger with rival mobile network Three over concerns the deal could lead to higher bills for consumers. The Competition and Markets Authority (CMA) said it will assess whether combining two of the country’s biggest telecom providers will negatively impact competition and choice in... Read more »

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Drahi: If Altice corruption allegations are true, I feel ‘betrayed’

Ryan Daws — Tue, 08 Aug 2023 10:03:14 +0000

Patrick Drahi, the billionaire founder and controlling shareholder of Altice International, publicly addressed the corruption allegations that have recently surfaced involving the company’s Portuguese operations. Speaking during a Q2 2023 call for debt investors, Drahi expressed shock and disappointment over the allegations and stated that if proven true, he feels “betrayed and deceived.” The corruption... Read more »

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Ericsson shareholders sue for millions over withheld report

Ryan Daws — Mon, 07 Aug 2023 08:57:31 +0000

A group of shareholders is taking legal action against Ericsson over its alleged failure to disclose vital information with regard to an internal investigation into its business practices in Iraq. The shareholders are seeking damages of $175-$300 million over claims the failure resulted in significant financial losses for the shareholders. As of 4th August 2023,... Read more »

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Ericsson ‘corruption-related misconduct’ potentially funded terror

Ryan Daws — Thu, 17 Feb 2022 10:03:47 +0000

Ericsson has found evidence of “corruption-related misconduct” in its Iraq operations and cannot rule out that payments were made to terror groups, including ISIS. The Swedish telecoms giant says that it launched an internal investigation in 2019 following unusual expense claims dating back to 2018. Ericsson says that its investigation covered the period 2011-2019 and... Read more »

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