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.
Swedish telecom company Ericsson claims it will be a leader in rolling out the 5G network across the world, though Huawei continues making big progress.
Amazon has joined a number of big exhibitors that have already pulled out of the world’s largest mobile trade show MWC, including LG, Ericsson and Nvidia, citing concerns over the spread of the coronavirus.
British Prime minister enters a new deal with the European Union on the sidelines of EU leaders meeting in Brussels.
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