Lars Magnus Ericsson was introduced to telephones at a young age due to his work as an instrument maker. He would later begin work for a firm, Telegrafverket, a Swedish government agency that produced telegraph equipment. Using this knowledge he acquired, he began a telegraph repair shop in 1876 along with his friend Carl Johan Andersson. At first, his inventions were not very innovative, due to these inventions already being made previously in the United States.
However, he grew his business by supplying telephones and switchboards to telecom operating companies in Sweden. He eventually became a major supplier of telephones and telephone equipment in Scandinavia due to the fact that their factories simply could not keep up with the demand. It wasn’t until later on, in 1956, they Ericsson introduced some truly innovative designs, unveiling the first fully automatic telephone system. The company continued along its path of steady growth to reach its current status today as a publicly-traded multinational provider of communications technology and services. In its current state, Ericsson is the largest holder of essential patents for the wireless industry. As of 2012, they have an estimated 33,000 patents. The Sweden-based company employs over 110,000 people in 180 countries, which include locations in the US, India, Brazil, Japan, China, South Africa, Germany, Italy, Sweden, the UK, and Australia. Annual reported revenue is 227.8 billion Swedish krona, with 5.9 billion Swedish krona in annual profit. Their products and services are comprised of telecommunications and IP networking equipment
, mobile and fixed broadband, operations and business support solutions, video systems, cable TV, IPTV, and an extensive services operation.
is actually a global leader in all mobile network infrastructure (2G/3G/4G), with 35% of the total market share. Ericsson currently operates three main business units: Business Unit Networks (BNET), Business Unit Global Services (BUGS), and Business Unit Support Solutions. Their BNET division is responsible for providing mobile access, fixed broadband access, radio access networks, IP core network, Ericsson Network Technologies, Ericsson Power Modules, and Ericsson Microwave Systems. Their Business Unit Support Solutions division provides support for their large number of mobile phones marketed under the Ericsson brand name. Their Business Unit Global Services unit provides systems integration, education, consulting, and network roll-out services.
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