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Ericsson’s origin dates back to 1876, when it was established as a telegraph equipment repair shop by Lars Magnum Ericsson in Stockholm. With Mr Lars’ focus on improving technical quality of telephones, the company significantly increased the usage of telephony in Stockholm by the late 1800s. Later in August 1918, with the merger of AB LM Ericsson & Co and Allmänna Telefon AB, Ericsson became a registered limited liability company under the name Telefonaktiebolaget LM Ericsson.
Ericsson is a provider of telecommunications equipment and related services to mobile and fixed network operators globally. Over 1,000 networks in 140 countries utilise the company's network equipment and it is one of a few companies worldwide that can offer end-to-end solutions for all major mobile communications standards.
In January 2006, Ericsson completed the acquisition of the key assets of UK-based Marconi Corporation, which has strengthened Ericssons activities in the transmission equipment and converged networks sectors.
Through its Sony Ericsson Mobile Communications joint venture the company offers a range of mobile devices, including those supporting multimedia applications and other personal communications services. In addition, the company has products for special applications within defence systems, enterprise, cables, mobile platforms, and power modules.
Ericsson primarily operates in two reportable segments, namely, Systems (including Mobile Networks, Fixed Networks, and Professional Services) and Other Operations. The company predominantly operates in Western Europe and also in Central and Eastern Europe, the Middle East, and Africa; the Asia Pacific region, North America, and Latin America.
