Telefonaktiebolaget LM Ericsson (Ericsson) is a Swedish multinational company that provides networking and telecommunications equipment and services. Ericsson was founded in 1876 by Lars Magnus Ericsson and has its headquarters in Stockholm, Sweden. The company is listed on the NASDAQ OMX Stockholm and NASDAQ in New York, and has operations in more than 180 countries, with approximately 100,000 employees.
Ericsson's primary business involves providing communication equipment and software to telecom operators, network equipment vendors, and enterprises. The company's main product offerings include radio access networks, core networks, and transmission networks. Ericsson also provides services related to the design, deployment, and management of communication networks, such as consulting, systems integration, managed services, and support services.
The company's portfolio includes 5G radio and core solutions, as well as digital services, OSS/BSS, cloud and virtualization, and IoT platforms. Ericsson's technology is used by over 1,000 networks in more than 180 countries, serving over 4 billion subscribers. The company is also involved in research and development, working on projects such as 5G, IoT, artificial intelligence, and automation.
In recent years, Ericsson has undergone significant restructuring and cost-cutting measures, in response to increasing competition and a decline in demand for traditional telecom equipment. The company has shifted its focus towards more software and services offerings, and has invested heavily in 5G technology. In 2020, Ericsson reported net sales of SEK 227 billion ($26.5 billion) and a net income of SEK 13.4 billion ($1.56 billion).
Ericsson has been a leader in the telecommunications industry for over a century, and is considered one of the main competitors to Huawei and Nokia. The company has a strong reputation for innovation and has won numerous awards for its technology and services. In addition, Ericsson has made significant contributions to the development of global telecommunications standards, and has been involved in several industry organizations, including the European Telecommunications Standards Institute (ETSI) and the 3rd Generation Partnership Project (3GPP).