Ericsson

For other uses, see Ericsson (disambiguation).

Telefonaktiebolaget LM Ericsson
Company typePublic
ISIN
Industry
FoundedStockholm, Sweden
(1876; 148 years ago (1876))
FounderLars Magnus Ericsson
HeadquartersKista, Stockholm, Sweden
Area served
Worldwide
Key people
ProductsMobile and fixed broadband networks, consultancy and managed services, TV and multimedia technology
RevenueDecrease 263.351 billion kr (2023)
Decrease –20.326 billion kr* (2023)
Decrease –26.104 billion kr* (2023)
Total assetsDecrease 297.036 billion kr (2023)
Total equityDecrease 97.408 billion kr (2023)
Owners
  • Investor AB (7.98%; 23.75% votes)
  • AB Industrivärden (2.60%; 15.11% votes)
  • AMF Tjänstepension & AMF Fonder (2.14%; 4.52% votes)
Number of employees
Decrease 100,000 (2023)
Subsidiaries
Websiteericsson.com/en
Footnotes / references
[1]
*Due to a non-cash impairment charge of 32 billion kr attributed to the acquisition of Vonage.

Telefonaktiebolaget LM Ericsson (lit. 'Telephone Stock Company of LM Ericsson'), commonly known as Ericsson, is a Swedish multinational networking and telecommunications company headquartered in Stockholm, Sweden. The company sells infrastructure, software, and services in information and communications technology for telecommunications service providers and enterprises, including, among others, 3G, 4G, and 5G equipment, and Internet Protocol (IP) and optical transport systems. The company employs around 100,000 people and operates in more than 180 countries.[2] Ericsson has over 57,000 granted patents.[3]

Ericsson has been a major contributor to the development of the telecommunications industry and is one of the leaders in 5G.[4]

The company was founded in 1876 by Lars Magnus Ericsson[5] and is jointly controlled by the Wallenberg family through its holding company Investor AB, and the universal bank Handelsbanken through its investment company Industrivärden. The Wallenbergs and the Handelsbanken sphere acquired their voting-strong A-shares, and thus the control of Ericsson, after the fall of the Kreuger empire in the early 1930s.[6][7]

Ericsson is the inventor of Bluetooth technology.[8]

  1. ^ "Ericsson Annual Report 2023" (PDF). Telefonaktiebolaget LM Ericsson. pp. 33–34, 81, 135. Retrieved 6 March 2024.
  2. ^ "Ericsson Annual Report 2020" (PDF). Telefonaktiebolaget LM Ericsson. p. 1. Archived (PDF) from the original on 18 May 2021. Retrieved 5 June 2021.
  3. ^ "Ericsson Annual Report 2020" (PDF). Telefonaktiebolaget LM Ericsson. p. 13. Archived (PDF) from the original on 18 May 2021. Retrieved 5 June 2021.
  4. ^ "Ericsson Nips Huawei, Nokia in Gartner's 5G Vendor Ranking". SDxCentral. SDxCentral, LLC. 24 February 2021. Archived from the original on 25 February 2021. Retrieved 5 June 2021.
  5. ^ "The Ericsson story". Telefonaktiebolaget LM Ericsson and Centre for Business History in Stockholm. 18 September 2019. Archived from the original on 15 June 2021. Retrieved 5 June 2021.
  6. ^ "Ownership over the years". Telefonaktiebolaget LM Ericsson and Centre for Business History in Stockholm. 18 September 2019. Archived from the original on 5 June 2021. Retrieved 5 June 2021.
  7. ^ "Untying the knots". Telefonaktiebolaget LM Ericsson and Centre for Business History in Stockholm. 18 September 2019. Archived from the original on 5 June 2021. Retrieved 5 June 2021.
  8. ^ "Presenting the (economic) value of patents nominated for the European Inventor Award 2012" (PDF). Technopolis Group. 30 March 2012. Archived (PDF) from the original on 3 July 2021. Retrieved 5 June 2021.