Ericsson in the context of Information and communications technology


Ericsson in the context of Information and communications technology

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⭐ Core Definition: Ericsson

Telefonaktiebolaget LM Ericsson (lit.'Telephone Stock Company of LM Ericsson'), commonly known as Ericsson (Swedish pronunciation: [ˈêːrɪkˌsɔn] ), is a Swedish multinational networking and telecommunications company headquartered in Stockholm. Ericsson has been a major contributor to the development of the telecommunications industry and is one of the leaders in 5G. Ericsson has over 57,000 granted patents and it is the inventor of Bluetooth technology.

The company sells infrastructure, software, and services in information and communications technology for telecommunications service providers and enterprises, including, among others, cellular 4G and 5G equipment, and Internet Protocol (IP) and optical transport systems. The company employs around 100,000 people and operates in more than 180 countries. The company is listed on the Nasdaq Stockholm under the ticker symbols ERIC.A and ERIC.B and on the American Nasdaq under the ticker symbol ERIC.

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Ericsson in the context of Gothenburg

Gothenburg or Göteborg (Swedish: Göteborg [jœtɛˈbɔrj] ) is the second-largest city in Sweden, after the capital Stockholm, and the fifth-largest in the Nordic countries. Situated by the Kattegat on the west coast of Sweden, it is the gubernatorial seat of Västra Götaland County, with a population of approximately 600,000 in the city proper and about 1.1 million inhabitants in the metropolitan area.

King Gustavus Adolphus founded Gothenburg by royal charter in 1621 as a heavily fortified, primarily Dutch, trading colony. In addition to the generous privileges given to his Dutch allies during the ongoing Thirty Years' War, e.g. tax relaxation, he also attracted significant numbers of his German and Scottish allies to populate his only town on the western coast; this trading status was furthered by the founding of the Swedish East India Company. At a key strategic location at the mouth of the Göta älv, where Scandinavia's largest drainage basin enters the sea, the Port of Gothenburg is now the largest port in the Nordic countries. The presence of the University of Gothenburg and Chalmers University of Technology has led Gothenburg to become home to many students. Volvo was founded in Gothenburg in 1927, with both Volvo Cars, and its original parent Volvo Group (today makers of trucks, buses and marine engines) still headquartered on the island of Hisingen in the city. Other key companies in the area are AstraZeneca, Ericsson, and SKF.

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Ericsson in the context of Marconi Company

The Marconi Company was a British telecommunications and engineering company founded by Italian inventor Guglielmo Marconi in 1897 which was a pioneer of wireless long distance communication and mass media broadcasting, eventually becoming one of the UK's most successful manufacturing companies.

Its roots were in the Wireless Telegraph & Signal Company, which underwent several changes in name after mergers and acquisitions. In 1999, its defence equipment manufacturing division, Marconi Electronic Systems, merged with British Aerospace (BAe) to form BAE Systems. In 2006, financial difficulties led to the collapse of the remaining company, with the bulk of the business acquired by the Swedish telecommunications company Ericsson.

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