In 1876, at the age of 30, he started a telegraph repair shop with help from his friend Carl Johan Andersson in central Stockholm and repaired foreign-made telephones.
In 1878 Ericsson began making and selling his own telephone equipment.
In 1878 he made an agreement to supply telephones and switchboards to Sweden's first telecommunications operating company, Stockholms Allmänna Telefonaktiebolag. ===International expansion=== As production grew in the late 1890s, and the Swedish market seemed to be reaching saturation, Ericsson expanded into foreign markets through a number of agents.
In 1878 he made an agreement to supply telephones and switchboards to Sweden's first telecommunications operating company, Stockholms Allmänna Telefonaktiebolag. ===International expansion=== As production grew in the late 1890s, and the Swedish market seemed to be reaching saturation, Ericsson expanded into foreign markets through a number of agents.
These included Australia and New Zealand, which by the late 1890s were Ericsson's largest non-European markets.
In the UK, the National Telephone Company was a major customer; by 1897 sold 28% of its output in the UK.
With his company now multinational, Lars Ericsson stepped down from the company in 1901. ===Automatic equipment=== Ericsson ignored the growth of automatic telephony in the United States and concentrated on manual exchange designs.
In 1960, the Wallenberg family bought ITT‘s shares in Ericsson, and has since controlled the company. ===Market development=== In the 1920s and 1930s, the world telephone markets were being organized and stabilized by many governments.
Their first dial telephone was produced in 1921, although sales of the early automatic switching systems were slow until the equipment had proven itself on the world's markets.
World War I, the subsequent Great Depression, and the loss of its Russian assets after the Revolution slowed the company's development while sales to other countries fell by about half. ===Shareholding changes=== The acquisition of other telecommunications companies put pressure on Ericsson's finances; in 1925, Karl Fredric Wincrantz took control of the company by acquiring most of the shares.
In 1960, the Wallenberg family bought ITT‘s shares in Ericsson, and has since controlled the company. ===Market development=== In the 1920s and 1930s, the world telephone markets were being organized and stabilized by many governments.
In 1954, it released the Ericofon.
Ericsson got almost one-third of its sales under the control of its telephone operating companies. ===Further development=== Ericsson introduced the world's first fully automatic mobile telephone system, MTA, in 1956.
In 1960, the Wallenberg family bought ITT‘s shares in Ericsson, and has since controlled the company. ===Market development=== In the 1920s and 1930s, the world telephone markets were being organized and stabilized by many governments.
It released one of the world's first hands-free speaker telephones in the 1960s.
In 1983 the company introduced the ERIPAX suite of network products and services. ===Emergence of the Internet (1995–2003)=== In the 1990s, during the emergence of the Internet, Ericsson was regarded as slow to realize its potential and falling behind in the area of IP technology.
Ericsson Mobile Platform ceased being a legal entity early 2009. ===Ericsson Enterprise=== Starting in 1983 Ericsson Enterprise provided communications systems and services for businesses, public entities and educational institutions.
In 1983 the company introduced the ERIPAX suite of network products and services. ===Emergence of the Internet (1995–2003)=== In the 1990s, during the emergence of the Internet, Ericsson was regarded as slow to realize its potential and falling behind in the area of IP technology.
Telecom and chip companies worked in the 1990s to provide Internet access over mobile telephones.
Jan Frykhammar, who has been working for the company since 1991 will be stepping in as interim CEO as Ericsson searches for a full-time replacement.
Founded in 1993, Ericsson Hewlett Packard Telecom (EHPT) was a joint venture made up of 60% Ericsson interests and 40% Hewlett-Packard interests. In 2002, ICT investor losses topped $2 trillion and share prices fell by 95% until August that year.
But the company had established an Internet project in 1995 called Infocom Systems to exploit opportunities leading from fixed-line telecom and IT.
Ericsson pushed hard for the WCDMA (wideband CDMA) form based on the GSM standard, and began testing it in 1996.
Japanese operator NTT DoCoMo signed deals to partner with Ericsson and Nokia, who came together in 1997 to support WCDMA over rival standards.
This resulted in a patent infringement lawsuit that was resolved in March 1999 when the two companies agreed to pay each other royalties for the use of their respective technologies and Ericsson purchased Qualcomm's wireless infrastructure business and some R&D resources. Ericsson issued a profit warning in March 2001.
In December 1999, Microsoft and Ericsson announced a strategic partnership to combine the former's web browser and server software with the latter's mobile-internet technologies.
Mobile telephones became a burden; the company's telephones unit made a loss of SEK 24 million in 2000.
A fire in a Philips chip factory in New Mexico in March 2000 caused severe disruption to Ericsson's phone production, dealing a coup de grâce to Ericsson's mobile phone hopes.
part 538 (SSR).1 ===Acquisitions and cooperation=== Around 2000, companies and governments began to push for standards for mobile Internet.
In May 2000, the European Commission created the Wireless Strategic Initiative, a consortium of four telecommunications suppliers in Europe – Ericsson, Nokia, Alcatel (France), and Siemens AG (Germany) – to develop and test new prototypes for advanced wireless communications systems.
In 2000, the Dot-com bubble burst with marked economic implications for Sweden.
US authorities accused the company of conducting a campaign of corruption between 2000 and 2016 across China, Indonesia, Vietnam, Kuwait and Djibouti.
This resulted in a patent infringement lawsuit that was resolved in March 1999 when the two companies agreed to pay each other royalties for the use of their respective technologies and Ericsson purchased Qualcomm's wireless infrastructure business and some R&D resources. Ericsson issued a profit warning in March 2001.
Mobile phones would be spun off into a joint venture with Sony, Sony Ericsson Mobile Communications, in October 2001. Ericsson launched several rounds of restructuring, refinancing and job-cutting; during 2001, staff numbers fell from 107,000 to 85,000.
Later that year, the consortium partners invited other companies to join them in a Wireless World Research Forum in 2001.
In the same year, Intel, the world's largest semiconductor chip manufacturer, signed a $1.5 billion deal to supply flash memory to Ericsson over the next three years. The short-lived joint venture called Ericsson Microsoft Mobile Venture AB, owned 70/30 percent by Ericsson and Microsoft, respectively, ended in October 2001 when Ericsson announced it would absorb the former joint venture and adopt a licensing agreement with Microsoft instead.
Sony Ericsson remained in operation until February 2012, when Sony bought out Ericsson's share; Ericsson said it wanted to focus on the global wireless market as a whole. Lower stock prices and job losses affected many telecommunications companies in 2001.
Ericsson's workforce worldwide fell during 2001 from 107,000 to 85,000. In September 2001, Ericsson purchased the remaining shares in EHPT from Hewlett Packard.
On 16 February 2012, Sony announced it had completed the full acquisition of Sony Ericsson, after which it changed name to Sony Mobile Communications, and nearly a year later it moved headquarters from Sweden to Japan. ===Mobile (cell) telephones=== As a joint venture with Sony, Ericsson's mobile telephone production was moved into the company Sony Ericsson in 2001.
Founded in 1993, Ericsson Hewlett Packard Telecom (EHPT) was a joint venture made up of 60% Ericsson interests and 40% Hewlett-Packard interests. In 2002, ICT investor losses topped $2 trillion and share prices fell by 95% until August that year.
A further 20,000 went the next year, and 11,000 more in 2003.
After the launch of 3G services during 2003, people started to access the Internet using their telephones. Ericsson was working on ways to improve WCDMA as operators were buying and rolling it out; it was the first generation of 3G access.
It was initially deployed in the download version called HSDPA; the technology spread from the first test calls in the US in late 2005 to 59 commercial networks in September 2006.
In October 2005, Ericsson acquired the bulk of the troubled UK telecommunications manufacturer Marconi Company, including its brand name that dates back to the creation of the original Marconi Company by the "father of radio" Guglielmo Marconi.
It was initially deployed in the download version called HSDPA; the technology spread from the first test calls in the US in late 2005 to 59 commercial networks in September 2006.
In September 2006, Ericsson sold the greater part of its defense business Ericsson Microwave Systems, which mainly produced sensor and radar systems, to Saab AB, which renamed the company to Saab Microwave Systems. In 2007, Ericsson acquired carrier edge-router maker Redback Networks, and then Entrisphere, a US-based company providing fiber-access technology.
In September 2006, Ericsson sold the greater part of its defense business Ericsson Microwave Systems, which mainly produced sensor and radar systems, to Saab AB, which renamed the company to Saab Microwave Systems. In 2007, Ericsson acquired carrier edge-router maker Redback Networks, and then Entrisphere, a US-based company providing fiber-access technology.
In September 2007, Ericsson acquired an 84% interest in German customer-care and billing software firm LHS, a stake later raised to 100%.
The contract was extended in 2008.
In 2008, Ericsson sold its enterprise PBX division to Aastra Technologies, and acquired Tandberg Television, the television technology division of Norwegian company Tandberg.
In 2008 it was sold to Aastra. ==Controversies== On 7 December 2019, Ericsson agreed to pay more than $1.2 billion (€1.09 billion) to settle US Department of Justice criminal and civil investigations into foreign corruption.
That same year Ericsson Field Service Organization was launched to simplify all processes more cost effective for Ericsson to handle than any other available external service provider. In 2009, Ericsson bought the CDMA2000 and LTE business of Nortel’s carrier networks division for US$1.18 billion; Bizitek, a Turkish business support systems integrator; the Estonian manufacturing operations of electronic manufacturing company Elcoteq; and completed its acquisition of LHS.
Ericsson Mobile Platform ceased being a legal entity early 2009. ===Ericsson Enterprise=== Starting in 1983 Ericsson Enterprise provided communications systems and services for businesses, public entities and educational institutions.
Sony Ericsson remained in operation until February 2012, when Sony bought out Ericsson's share; Ericsson said it wanted to focus on the global wireless market as a whole. Lower stock prices and job losses affected many telecommunications companies in 2001.
company Telcordia Technologies in January 2012, an operations and business support systems (OSS/BSS) company.
In April 2012 Ericsson completed the acquisition of BelAir Networks a strong Wi-Fi network technology company. On 3 May 2013, Ericsson announced it would divest its power cable operations to Danish company NKT Holding.
The head of research since 2012 is Sara Mazur. Group Function Technology holds research co-operations with several major universities and research institutes including: Lund University in Sweden, Eötvös Loránd University in Hungary and Beijing Institute of Technology in China.
On 16 February 2012, Sony announced it had completed the full acquisition of Sony Ericsson, after which it changed name to Sony Mobile Communications, and nearly a year later it moved headquarters from Sweden to Japan. ===Mobile (cell) telephones=== As a joint venture with Sony, Ericsson's mobile telephone production was moved into the company Sony Ericsson in 2001.
In April 2012 Ericsson completed the acquisition of BelAir Networks a strong Wi-Fi network technology company. On 3 May 2013, Ericsson announced it would divest its power cable operations to Danish company NKT Holding.
On 1 July 2013, Ericsson announced it would acquire the media management company Red Bee Media, subject to regulatory approval.
In September 2013, Ericsson completed its acquisition of Microsoft's Mediaroom business and televisions services, originally announced in April the same year.
The acquisition was completed on 9 May 2014.
In September 2014, Ericsson acquired majority stake in Apcera for cloud policy compliance.
In October 2015, Ericsson completed the acquisition of Envivio, a software encoding company.
HSPA would provide the world's first mobile broadband. In July 2016, Hans Vestberg stepped down as Ericsson's CEO after heading the company for six years.
On 16 January 2017, following Ericsson's announcement on 26 October 2016, new CEO Börje Ekholm started and interim CEO Jan Frykhammar stepped down the following day. In June 2018, Ericsson, Inc.
In April 2016, Ericsson acquired Polish and Ukrainian operations of software development company Ericpol, a long-time supplier to Ericsson.
US authorities accused the company of conducting a campaign of corruption between 2000 and 2016 across China, Indonesia, Vietnam, Kuwait and Djibouti.
On 16 January 2017, following Ericsson's announcement on 26 October 2016, new CEO Börje Ekholm started and interim CEO Jan Frykhammar stepped down the following day. In June 2018, Ericsson, Inc.
Approximately 2,300 Ericpol employees joined Ericsson, bringing software development competence in radio, cloud, and IP. On 20 June 2017, Bloomberg disclosed that Ericsson hired Morgan Stanley to explore the sale of its media businesses.
On 16 January 2017, following Ericsson's announcement on 26 October 2016, new CEO Börje Ekholm started and interim CEO Jan Frykhammar stepped down the following day. In June 2018, Ericsson, Inc.
In February 2018, Ericsson acquired the location-based mobile data management platform Placecast.
In May 2018, SoftBank partnered with Ericsson to trial new radio technology.
Ericsson holds over 49,000 granted patents as of September 2019, including many in wireless communications.
The transaction was completed on 31 January 2019.
In 2008 it was sold to Aastra. ==Controversies== On 7 December 2019, Ericsson agreed to pay more than $1.2 billion (€1.09 billion) to settle US Department of Justice criminal and civil investigations into foreign corruption.
In September 2020, Ericsson acquired US-based carrier equipment manufacturer Cradlepoint for $1.1 billion. ==Corporate governance== , members of the board of directors of LM Ericsson were: Leif Johansson, Jacob Wallenberg, Kristin S.
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