Ericsson
Telefonaktiebolaget L. M. Ericsson
Type
Public (OMX: ERIC B,
NASDAQ: ERIC)
Founded
Stockholm, Sweden (1876)
Founder(s)
Lars Magnus Ericsson
Headquarters Kista, Sweden
Key people
Michael Treschow (Chairman of
the board), Carl-Henric
Svanberg (President and CEO),
Marcus Wallenberg (Deputy
Chairman)
Industry
Telecommunications
Products
Mobile and fixed broadband
networks, consultancy and
managed services, multimedia
technology
Revenue
SEK 208,930 million (2008)[1]
Operating
income
▲ SEK 16,252 million (2008)[1]
Profit
▲ SEK 11,273 million (2008)[1]
Total assets
SEK 285.7 billion (2008)[1]
Total equity
SEK 142.1 billion (2008)[1]
Employees
78,750 (2008)[1]
Subsidiaries
Sony Ericsson (50%) ST-
Ericsson (50%)
Website
www.ericsson.com
Ericsson (Telefonaktiebolaget L. M. Eric-
sson) (OMX: ERIC B, NASDAQ: ERIC), one of
the largest Swedish companies, is a leading
provider of telecommunication and data com-
munication systems, and related services cov-
ering a range of technologies, including espe-
cially mobile networks. Directly and through
subsidiaries, it also has a major role in mo-
bile devices and cable TV and IPTV systems.
Founded in 1876 as a telegraph equip-
ment repair shop by Lars Magnus Ericsson, it
was
incorporated on August 18, 1918.
Headquartered in Kista, Stockholm Municip-
ality, since 2003, LM Ericsson is considered
part of the so-called "Wireless Valley". Since
the mid 1990s, Ericsson’s extensive presence
in Stockholm helped transform the capital in-
to one of Europe’s hubs of information tech-
nology (IT) research. Ericsson has offices and
operations in more than 150 countries, with
more than 20,000 staff in Sweden, and signi-
ficant presences also in, for example, China,
the UK, the USA, Finland, Ireland, and Brazil.
In the early 20th century, Ericsson domin-
ated the world market for manual telephone
exchanges but was late to introduce automat-
ic equipment. The world’s largest ever manu-
al telephone exchange, serving 60,000 lines,
was installed by Ericsson in Moscow in 1916.
Throughout the