Ericsson (Telefonaktiebolaget LM Ericsson) (OMX: Eric B, NASDAQ: ERIC), one of the largest companies in Sweden, Ericsson is a leading provider of telecommunications and data communications systems, and related services, which include a variety of technologies, including in particular the cellular network. And indirectly through its subsidiaries, which also has an important role in mobile devices, and cable television and IPTV.
Founded in 1876 as a store of equipment for repair by telegram Lars Magnus Ericsson, entered August 18, 1918. Based in the cyst, the City of Stockholm, since 2003, LM Ericsson is considered part of the so-called "Wireless Valley". Since the mid-1990s, Ericsson is very broad in Stockholm contributed to transform the capital into one of the research centers of information technology (IT) in Europe. Ericsson has offices and operations in more than 150 countries, with over 20,000 employees in Sweden, and also a significant presence, for example, China, Britain, United States, Finland, Ireland and Brazil.
Lars Magnus Ericsson started with a phone in youth associations as an instrument maker. He worked for a company that makes equipment for firms telegram Telegrafverket Sweden. In 1876, at age 30, began the construction of a telegraph repair shop with the help of his friend Carl Johan Andersson. Shops in central Stockholm (No. 15 on Drottninggatan, the main shopping street) and improve your mobile phone abroad. In 1878 Ericsson began making and selling its own phone equipment. The phone is not technically innovative, as most were made by other factories in the United States. In 1878, he made a joint agreement to provide telephone and providing frameworks for the first telecommunications company in Sweden, Stockholm Allmänna Telefonaktiebolag.
Also in 1878, local importers Ericsson phone Numa Peterson assumed to adjust some of the Bell Telephone Company.Dari here he was inspired to buy a Siemens mobile phone and further analysis of the technology. (Ericsson Siemens had received scholarships in previous years.) Being a company that works to repair and trains Telegrafverket Sweden (Swedish Railway), you are familiar with Bell and Siemens Halske telephone. He is improving the design to produce an instrument of superior quality. At the end of 'year he began the manufacture of the phone, a lot of pictures of the Siemens mobile phone, and the first product that was completed in 1879.
With a reputation that has taken hold, Ericsson is a major supplier of telephone equipment in Scandinavia. Because factories can not keep up with demand, works like wood and metal-plating was contracted out. Many of these imported materials, so that in the next decade Ericsson purchased in a number of companies to ensure essential supplies such as brass, steel wire and hard rubber.
The high price of equipment and services that led Bell Henrik Tore Cedergren to form an independent company in 1883, telephone call Stockholm Allmänna Telefonaktiebolag. Like Bell does not provide facilities to its competitors, has signed an agreement with Ericsson, who delivered the material for a new telephone network. In 1918 the company joined Ericsson Allmänna Telefonaktiebolaget LM Ericsson.
In 1884, an engineer named Anton Aven in Stockholm Per Year Telefonaktiebolag earphones are fused and spokesman for the (then) in standard telephone handset.Ericsson take these results and incorporated into products from Ericsson, which begins with a phone called the dachshund.
As production grew at the end of 1890, and the Swedish market seems to be reaching saturation point, Ericsson was able to expand into foreign markets through a series of agents. Britain and Russia are starting to market Ericsson. This eventually led to the establishment of factories in these countries. This is partly to improve opportunities for local contracts, and partly because the factory in Sweden to maintain supply. In England, the National Telephone Company (National Telephone Company) have included Ericsson equipment for some time and is a customer utama.Pada 1897, the UK has contributed 28% of sales were other subscribers Ericsson.Negara Ericsson also pushed by rapid growth of telephone service in Sweden. Australia and New Zealand, at the end of 1890 was the largest market for Ericsson in Europe.
Even if they are successful in other places, Ericsson does not make significant sales in the United States. The group of Bell and local companies, such as Kellogg and Automatic Electric had already dominated the market. In contrast, sales in Mexico quite well and lead to further development in the countries of South America. South Africa and China also produce significant sales. With multinational companies now, and well developed, Lars Ericsson has resigned from the company in 1901.