In the News: Ericsson's Antitrust Probe; Tax Breaks for CDR Investors; and New Elderly Care Regulation

April 22, 2019 | BY

Marilyn Romero

Ericsson faces investigation over its intellectual property licensing practices; investors in CDRs of innovative enterprises will enjoy a three-year tax break on profits; and China issues a new rule to improve the supervision of elderly care services.

Ericsson HQ Ericsson HQ.

Antitrust investigation against Ericsson launched

Chinese authorities have opened an antitrust investigation into Swedish telecom giant Ericsson. Ericsson confirmed that it is being investigated by China's State Administration for Market Regulation, or SAMR, because of complaints about its intellectual property licensing practices. The company said that it is fully cooperating with the investigation and will refrain from further comment while the probe is ongoing. SAMR launched the investigation at Ericsson's Beijing office following complaints from Chinese mobile phone makers that Ericsson had violated the Anti-Monopoly Law in the 3G and 4G standard essential patents licensing market in China. Since 2011, Ericsson has earned approximately $1 billion in global patent revenue each year. It currently derives about 7 percent of its revenue from China, and is trying to boost its market share in the country.

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