@ericsson.com
Ericsson is one of the leading providers of Information and Communication Technology (ICT) to service providers.
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About
Description
Ericsson is a Swedish multinational telecommunications company that specializes in providing network equipment and related services. Founded in 1876 by Lars Magnus Ericsson, the company has grown over the years to become a global industry leader. Headquartered in Stockholm, Sweden, Ericsson operates in more than 180 countries worldwide.
The company's headquarters is located in a modern building known as Ericsson Globe, which also serves as an iconic landmark in Stockholm. The headquarters houses various departments and functions including research and development, sales, and corporate offices. Ericsson offers a wide range of products and services, primarily focused on telecommunications and networking solutions.
Its main product categories include radio access networks, core networks, transport networks, IP networks, and digital services. The company provides network infrastructure equipment for mobile, fixed-line, and broadband networks, as well as software and services for network management, deployment, and optimization. On a global scale, Ericsson has a strong market presence, competing with other major players in the telecommunications industry such as Huawei and Nokia.
The company has established numerous subsidiaries and joint ventures to expand its operations and strengthen its market position. Some notable subsidiaries include Ericsson Nikola Tesla in Croatia, Ericsson India, and Ericsson Federal Inc. Ericsson has also formed strategic partnerships with various companies and organizations to collaborate on technological advancements and research initiatives.
In terms of market position, Ericsson is one of the leading providers of telecommunications equipment and services in the world. The company's global sales and revenues have consistently ranked among the highest in the industry. However, it faces stiff competition from its rivals, especially in the 5G network space.
Ericsson has undergone several changes and strategic shifts throughout its history. In recent years, the company has focused on transforming its business towards offering end-to-end solutions and embracing new technologies like 5G and IoT. This has led to the development of innovative products and services, further strengthening its position in the market.
As of the latest updates, Ericsson continues to invest in research and development to drive technological advancements in the telecommunications industry. The company is actively involved in the deployment and commercialization of 5G networks worldwide, positioning itself at the forefront of the next-generation telecommunications revolution. Overall, Ericsson remains a key player in the global telecommunications market, delivering cutting-edge solutions and services to meet the evolving needs of customers worldwide
Company Type
Public Company
Company Size
10,001+
Year Founded
1876
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