South Africa and China were also generating significant sales. Sales in Mexico led to inroads into South American countries. The Bell Group, Kellogg and Automatic Electric dominated the market. ĭespite their successes elsewhere, Ericsson did not make significant sales in the United States. Mass production techniques were now firmly established telephones were losing some of their ornate finish and decoration. These included Australia and New Zealand, which by the late 1890s were Ericsson's largest non-European markets. Other countries and colonies were exposed to Ericsson products through the influence of their parent countries. The Nordic countries were also Ericsson customers they were encouraged by the growth of telephone services in Sweden. In the UK, the National Telephone Company was a major customer by 1897 sold 28% of its output in the UK.

The UK ( Ericsson Telephones Ltd.) and Russia were early markets, where factories were later established to improve the chances of gaining local contracts and augment the output of the Swedish factory.

Ltd., of Nottingham, England, it is now in the collection of Thinktank, Birmingham Science Museum.Īs production grew in the late 1890s, and the Swedish market seemed to be reaching saturation, Ericsson expanded into foreign markets through a number of agents. History Foundation Īn early, wooden, Ericsson telephone, made by the Ericsson Telephone Co. Įricsson is the inventor of Bluetooth technology. The Wallenbergs and the Handelsbanken sphere acquired their voting-strong A-shares, and thus the control of Ericsson, after the fall of the Kreuger empire in the early 1930s. The company was founded in 1876 by Lars Magnus Ericsson and is jointly controlled by the Wallenberg family through its holding company Investor AB, and the universal bank Handelsbanken through its investment company Industrivärden. Įricsson 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.

The company employs around 100,000 people and operates in more than 180 countries. The company sells infrastructure, software, and services in information and communications technology for telecommunications service providers and enterprises, including, among others, 3G, 4G, and 5G equipment, and Internet Protocol (IP) and optical transport systems. 'Telephone Stock Company of LM Ericsson'), commonly known as Ericsson, is a Swedish multinational networking and telecommunications company headquartered in Stockholm.

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