Ericsson

About Ericsson

Ericsson (Telefonaktiebolaget L. M. Ericsson) (ERIC, SSE101|ERIC B) is a leading Swedish-based provider of telecommunication and data communication systems, and related services covering a range of technologies, including handset technology platforms. Founded in 1876 as a telegraph equipment repair shop by Lars Magnus Ericsson, it was incorporated on August 18, 1918. Headquartered in Kista, Stockholm Municipality, since 2003, LM Ericsson is considered to be part of the so-called "Wireless Valley". Since the mid 1990s, Ericsson's extensive presence in Stockholm helped transform the capital into one of Europe's hubs of information technology (IT) research.

In the early 20th century, Ericsson dominated the world market for manual telephone exchanges but was late to introduce automatic equipment. The world's largest ever manual telephone exchange, serving 60,000 lines, was installed by Ericsson in Moscow in 1916. Throughout the 1990s, Ericsson has held a 35-40% market share of installed cellular telephone systems. Like most of the telecommunications industry, LM Ericsson suffered heavy losses after the telecommunications crash in the early years of the 2000s, and had to retrench tens of thousands of staff worldwide in an attempt to staunch the losses.

The handsets division got a fresh start in 2001 in the form of a joint venture with Sony called Sony Ericsson. LM Ericsson is a major provider of handsets and an infrastructure supplier for all major wireless technologies. It has played an important global role in modernizing existing copper lines to offer broadband services and has actively grown a new line of business in the professional services area.

On the 18th of February 2008, It was announced that Aastra Technologies would acquire the enterprise PBX division of Ericsson.
This move has caused considerable consternation among Ericsson's partner companies.

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Quotes about Ericsson

“ I think that the Ericsson CTO is missing the mark. ”
In WiMAX’s Future Is in Emerging Markets
“ VoIP call, in a videocall using an LTE mini-network installed by Ericsson, in a videoconference, and successive downloads of data and images at transfer speeds in excess of 140 Mbps. ”
In Telefonica Starts LTE Testing in Six Countries
“ Some of the tier-one operators are interested in having an Ericsson or Huawei core, while others are really attracted by a solution that's highly integrated. ”
In Cedar Point Launches IMS Extension To Phone Platform