Ericsson is a technology company that provides and operates telecommunications networks, television and video systems, and related services.
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.
In its Q1 2023 report, Swedish telecom giant Ericsson described India as a viable market that drove sales up fivefold.
Telecom giant Verizon saw a 3.5% revenue in Q4 2022 even as the company struggled with dwindling 5G equipment sales.
Swedish telecoms giant Ericsson says despite its poor Q4 2022 earnings, it sees significant patent revenue growth in the next 24 months.
