Ericsson
Company
Technology, Media and Telecommunications: News from Asia...revenue from GSM equipment sales had doubled over each of the last few years, making ZTE the world's third-biggest vendor behind global leader Ericsson and Chinese rival Huawei, Zhao Yizhe, vice-president in charge of GSM equipment told... In this article: Revenue, Huawei, China Telecom, Hitachi Ltd., China, NEC Corp., Samsung Electronics, SNE, and MSFT |
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washingtonpost.com | 1 day ago
Ericsson to buy Nortel business for $70M
...CarrierCom AG of Austria. As part of the deal, Ericsson is acquiring assets of Nortel's GSM business in North America, while Kapsch is paying $33 million to buy most of the remaining assets outside North America. Telecommunications...
In this article: Nortel, LM Ericsson, North America, AT&T, NEW YORK, Sweden, Austria, and U.S.
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Daily Mail | November 11, 2009
Nearly 7,000 workers face the axe after Black Tuesday
...slowdown takes its toll. Drugs giant Pfizer, food producer Northern Foods, carmaker Honda, technology firm Ericsson and Lloyds Banking Group all revealed plans to slash their workforce to cut costs. Lloyds revealed it is cutting a...
In this article: Lloyds TSB, Honda, Royal Bank of Scotland, HSBC, Pfizer, Marconi, Honda Jazz, Northern Foods, and Wyeth
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Wikipedia | November 02, 2009
New North Zone
...and new materials, green food, and garments. Many international enterprises set up their factories in the zone, including Ford, Visteon, Ericsson, British Petroleum, Metro, Suzuki, Honda, Denso, Cansai, Formosa Plastics Group and Dinxin.
In this article: Formosa Plastics Group, Visteon, Denso, Honda, British Petroleum, Chongqing, and China
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CNN | October 30, 2009
Lower PS3 prices weigh on Sony
Sony's mobile phone joint venture with Sweden's Ericsson saw its sales tumble and losses balloon as it has lacked a strong smartphone offering to rival Apple Inc.'s (AAPL, Fortune 500) iPhone and Research in Motion's (RIM) Blackberry. In...
In this article: Sony Corp., PlayStation 3, Joint venture, Nintendo Co, Wii, AAPL, MSFT, Tokyo, Thomson Reuters, and Iphone
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Sydney Morning Herald - Business | October 29, 2009
Sony hit by sluggish mobile sales
...expectations. Sony's mobile phone joint venture with Sweden's Ericsson saw its sales tumble and losses balloon as it has lacked a strong smartphone offering to rival Apple Inc's iPhone and Research in Motion's Blackberry. In its game...
In this article: Sony, Joint venture, Nintendo Co, Wii, PlayStation 3, Iphone, BlackBerry, Xbox 360, and Apple Inc
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Indiana Times - The Economic Times | August 12, 2009
Airtel's $500m outsourcing deal
...calls. Bharti has made outsourcing the cornerstone of its business strategy, and has signed multibillion dollar contracts with network vendors such as Ericsson, Nokia and Siemens, which build, operate and manage its mobile network. It...
In this article: Outsourcing, Bharti Airtel, Alcatel-Lucent, Joint venture, STD, Siemens, Nokia, All rights reserved, and Revenue
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Seeking Alpha | July 29, 2009
The Politics of Nortel's Future
...struggling auto makers General Motors and Chrysler. Does it strike anyone as strange that the Canadian government is now looking at whether Ericsson's purchase of Nortel's CDMA business and LTE R&D unit is a "benefit to Canada" - a stark...
In this article: Nortel, Canada, Nokia Siemens, Chrysler, General Motors, and Ontario
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PR Newswire: Aerospace/Defense | October 24, 2008
SMITHS Appoints President for Smiths Interconnect Division
...suppliers, and sub-system manufacturers. Among the largest customers are Raytheon, Finmeccanica, BAE Systems, AAI/Textron, Northrop Grumman, Ericsson, Motorola, Sprint Nextel, ZTE, GE Medical and Alstom. SMITHS Group SMITHS is a global...
In this article: Northrop Grumman, Smith, Supply chain, The Wharton School, University of Pennsylvania, Stanford University, and Harvard Business School
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GMAC Global Relocation Services' Webinar Offers Insight into the Cultural Context of Doing Business with the British
...in North America, Europe, the Middle East, Africa and Asia. Some of Hoogewerf's clients include GE, Microsoft, GM, Shell, Motorola, Ericsson, Nokia, Kraft and Kellogg. About GMAC Global Relocation Services GMAC Global Relocation...
In this article: United Kingdom, Kellogg, GMAC, Europe, Revenue, and Outsourcing
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Description from Wikipedia:
Ericsson (Telefonaktiebolaget L. M. Ericsson) (, NASDAQ: ERIC), one of the largest Swedish companies, is a leading provider of telecommunication and data communication systems, and related services covering a range of technologies, including especially mobile networks. Directly and through subsidiaries, it also has a major role in mobile devices and cable TV and IPTV systems.
Founded in 1876 as a telegraph equipment repair shop by Lars Magnus Ericsson, it was incorporated on August 18, 1918. Headquartered in Kista, Stockholm Municipality, since 2003, Ericsson is considered part of the so-called "Wireless Valley". Since the mid-1990s, Ericsson's extensive presence in Stockholm has helped transform the city into one of Europe's hubs of information technology (IT) research. Ericsson has offices and operations in more than 150 countries, with more than 20,000 staff in Sweden, and also significant presences in, for example in the UK, India, Ireland, the USA, Finland, China, and Brazil.
In the early 20th century, Ericsson dominated the world market for manual telephone exchanges but was late to introduce automatic equipment. The world's largest ever manual telephone exchange, serving 60,000 lines, was installed by Ericsson in Moscow in 1916. Throughout the 1990s, Ericsson held a 35-40% market share of installed cellular telephone systems. Like most of the telecommunications industry, Ericsson suffered heavy losses after the telecommunications crash in the early 2000s, and had to fire tens of thousands of staff worldwide in an attempt to manage the financial situation, returning to profit by the mid-2000s.
On 18 February 2008, it was announced that Aastra Technologies would acquire the enterprise PBX division of Ericsson.
- Name:
- Telefonaktiebolaget L. M. Ericsson
- Type:
- Public (, NASDAQ: ERIC)
- Location:
- Kista, Sweden
- Founder:
- Lars Magnus Ericsson
- Founded:
- Stockholm, Sweden (1876)
- Stock Symbol (NASDAQ):
- ERIC
- Industry:
- Telecommunications
- Key People:
- Michael Treschow , Carl-Henric Svanberg , Marcus Wallenberg
- Products:
- Mobile and fixed broadband networks, consultancy and managed services, multimedia technology
- Revenue:
- 208,930 million SEK
- Operating Income:
- 16,252 million SEK
- Net Income:
- 11,273 million SEK
- Assets:
- 285.7 billion SEK
- Equity:
- 142.1 billion SEK
- No. of Employees:
- 78,750
- Subsidiaries:
- Sony Ericsson (50%) ST Ericsson (50%)
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