Iraqi telecoms regulator orders Korek to pay $800m in unpaid fees
The tough times continue for the operator
News - Iraq
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Iraq's Korek Telecom told it owes $1.65 billion to Kuwait's Agility
Relates to allegations of fraud and corruption dating back to 2011
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Ericsson hit with $206m fine by DoJ around activities in Iraq, China, and Djibouti
The vendor violated a 2019 deal with the US prosecutors
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Kurdistan opens data center for government services
But war and grid issues have hampered IT growth in Iraq
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US terror victims sue Ericsson over alleged bribes to ISIS and al Qaeda in Iraq
Ericsson says it will fight the case, despite admitting that it probably did give money to ISIS
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Ericsson, CEO, and CFO hit by class action lawsuit over ISIS dealings in Iraq
Lawyers call on shareholders to join the suit
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Ericsson admits it broke a $1bn deal with the DoJ by covering up payments to ISIS terrorists
Ericsson stock is now "uninvestable," say analysts
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Ericsson workers were kidnapped when telco sent them to negotiate with ISIS
It's not clear if Ericsson helped pay for their release
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Ericsson shares fall after it admits it may have paid ISIS terrorists
Telco paid money to unknown recipients, for transport routes in Iraq to evade customs
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US Army wants to deploy modular data centers in Iraq
The notice is looking for delivery of Schneider Electric's SmartShelter Containers