Ericsson is a one of the major providers of telecommunications equipments and similar such services to both fixed and mobile telephone operators across the world. The origins of the company goes back to when it was established as one of the telegraph equipments repair shops in 1876 by Lars Magnus Ericsson. It was in 1918 that the company was incorporated. It has its headquarters in Kista, Stockholm Municipality. The company was a leading player in the manual telephone exchanges market in the early years of the 20th century. The company installed the largest manual telephone exchange in the world in 1916 at Moscow.
The telecommunications crash that happened in the 2000s dealt a heavy blow to the company and it had to cut down on its workforce. However the company came together with Sony to introduce the Sony Ericsson handsets. The company is a leading provider of handsets as well as a supplier for a number of wireless technologies. It has a big contribution towards modernizing the existing copper lines so as to be able to provide broadband services.
Ericsson has the following segments: the Systems division that manages the fixed line as well as mobile telephone networks. There is the Phones division that is engaged in the distribution of the mobile handsets. The Other operations division focuses on miscellaneous operations including Ericsson Enterprise, Power Modules, Mobile Platforms and many more.
As the business environment is constantly evolving there is the need for solutions that takes care of the needs of the customers without increasing the costs. The enterprise services of Ericsson helps the enterprises to get the maximum value from the communications solutions. The company takes charge of all the network as well as service operations thereby allowing the customer to focus on the core business.
There has been an increase in the telecom operators’ arena in the past few years. It is important that the operators are aware of the strategic choices and how to manage the network. Ericsson has also acquired the expertise to work with different operators so as to create the best possible market proposition.
In 2002 Ericsson sold its microelectronics unit to Infineon Technologies AG. In 2005 the company took over Marconi. In 2006 the company sold off Ericsson Microwave Systems that basically produced sensor as well as radar systems to the company SAAB AB. in the same year the company bought UIQ software from Symbian. In 2007 the company merged Maxwell Acquisition Corporation and Redback Networks Inc. in the same year the company took over Entrisphere. The company also bought an 84% stake in LHS Inc, a German software firm.
In 2006 the company introduced Ericsson.mobi which was the mobile portal of the company. It also launched into the market SonyEricsson.mobi that was Sony Ericsson’s mobile portal. The company also hosts a program known as Ericsson Mobility World. Over the years the company has maintained its reputation as one of the most trusted names in telecommunications.
- Ericsson has more than 1000 networks that are present in over 175 countries.
- The company boasts of one of the most impressive intellectual property portfolios at more than 23,000 patents.
- As of 2007 Ericsson employed 74, 011 people.
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