After shaking up its entire 15-member executive committee and terminating dozens of employees, Swedish telecom Ericsson has announced that it expects to pay $1 billion to settle U.S. corruption charges involving six countries.

Chief legal officer Xavier Dedullen, who joined the Stockholm-based company in mid-2018 to help clean up the scandal, told a September 26 press conference that 55 employees had been disciplined related to the investigation, with 49 departing the company. Ericsson has about 95,000 employees operating in more than 180 countries.

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