Telefonaktiebolaget LM Ericsson (publ) (ERIC) NASDAQ

11.86

-0.66(-5.27%)

Updated at June 09 04:00PM

Currency In USD

Telefonaktiebolaget LM Ericsson (publ)

Address

Torshamnsgatan 21

Stockholm, 164 83

Sweden

Phone

46 1 07 19 00 00

Sector

Technology

Industry

Communication Equipment

Employees

92866

First IPO Date

August 24, 1981

Key Executives

NameTitlePayYear Born
Johan JardevallChief Executive Officer0N/A
Per NarvingerExecutive VP & Head of Business Area Networks16.02M1974
E. Borje EkholmPresident, Head of Segment Enterprise & Director53.61M1963
Scott DresserSr. VP, Chief Legal Officer, Secretary and Head of Group Function Legal Affairs & Compliance01967
Peter OlofssonHead of Corporate Communications0N/A
Lars SandstromSenior Vice President, Head of Group Function Finance & Chief Financial Officer01972
Rebecca RohrChief Compliance Officer0N/A
Daniel MorrisHead of Investor Relations0N/A
Chris HoughtonSenior Vice President, Chief Operating Officer and Head of Group Function & Group Support01966
Erik EkuddenSenior Vice President, Chief Technology Officer & Head of Group Function Technology01968
Eva-Britt AlleniusChief Accounting Officer0N/A

Description

Telefonaktiebolaget LM Ericsson (publ), along with its various subsidiaries, operates as a global supplier of communication infrastructure, software, and service solutions, primarily serving the telecommunications industry and other diverse sectors. The company's business is organized into four distinct segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks division focuses on delivering cutting-edge radio access network (RAN) solutions for a wide array of network spectrums, encompassing robust integrated hardware and software, complete antenna and transport systems, and a full spectrum of services for network setup and ongoing maintenance. Digital Services provides advanced software-driven solutions for critical functions like business support systems (BSS), operational support systems (OSS), communication platforms, core network architecture, and cloud infrastructure. The Managed Services segment offers telecom operators an extensive range of provisions, including comprehensive network and IT management, network design and optimization, and application development and maintenance. Finally, the Emerging Business and Other segment encompasses innovative ventures such as Internet of Things (IoT) technologies, iconectiv, Cradlepoint (known for its wireless edge WAN 4G and 5G enterprise solutions), Red Bee Media, MediaKind, and other developing enterprises. Established in 1876 and based in Stockholm, Sweden, Ericsson maintains a substantial worldwide footprint, with operations spanning North America, Europe and Latin America, the Middle East and Africa, Southeast Asia, Oceania, India, Northeast Asia, and numerous other international markets.