Swedish maker of telecommunications
6300 Legacy Dr.
Plano, TX 75024
Employees: 56,055 worldwide
CEO: Carl-Henric Svanberg
Stock Symbol: ERIC
Ericsson is a leading supplier of network
equipment and services for telecommunications. In a joint venture
with Sony Ericsson Mobile Communications, the company offers
a range of cellular phones, including supporting multimedia applications
and other personal communication services. In addition Ericsson
has products for special applications within defense systems,
enterprise, cables, mobile platforms and power modules.
In 2005, Ericsson employed 56,055 people
worldwide with 21,178 in Sweden.
The company's 10 largest markets for sales
are: 1) USA (12%), 2. China (8%), 3. Italy (7%), 4. Spain (5%),
5. Brazil (5%), 6. Sweden (4%), 7. Mexico (4%), 8. UK (3%), 9.
Russia (3%), 10. Turkey (3%).
The company has headquarters in Stockholm
with U.S. operations in Plano, TX.
It all began in the year 1876, in a 13-square
meter repair workshop for telegraph instruments in downtown Stockholm.
30-year-old mechanic Lars Magnus Ericsson laid the foundation
for one of the world's leading telecommunication companies with
his former work colleague Carl Johan Andersson. It was, coincidentally,
the same year that Alexander Graham Bell filed his patent application
for a telephone in the United States.
In 1878, Ericsson develops an improved
version of the Bell telephone, which first went on sale in Sweden
the year before. By 1889, Ericsson had manufactured 20,000 telephones.
The company made an agreement to supply telephones and switchboards
to Sweden's first telecom operating company, Stockholms Allmänna
The company established its first U.S.
sales office in New York in 1902.
Updated December 20, 2006