Telefonaktiebolaget LM Ericsson, doing business as Ericsson, is a Swedish multinational networking and telecommunications company headquartered in Stockholm. The company offers services, software and infrastructure in information and communications technology for telecommunications operators, traditional telecommunications and Internet Protocol (IP) networking equipment, mobile and fixed broadband, operations and business support services, cable television, IPTV, video systems, and an extensive services operation.
Ericsson had 35% market share in the 2G/3G/4G mobile network infrastructure market in 2012.
The company was founded in 1876 by Lars Magnus Ericsson; as of 2016 it is headquartered in Stockholm, Sweden. The company employs around 95,000 people and operates in around 180 countries. Ericsson holds over 49,000 granted patents as of September 2019, including many in wireless communications.
The exit of Nokia, Ericsson, and Logitech from Russia will result in problems for MTS, Tele2, and Beeline operators that developed their networks using the equipment of these companies.
The recent acquisition of cloud firm Vonage will help Ericsson monetize its network investments. As per the schedule, Ericsson will close this deal by 2022.
