Yes, Ericsson is a product-based company. Ericsson was founded in 1876 and initially concentrated on telegraph equipment. Bringing telephones to every home was the vision of Lars Magnus Ericsson, a pioneering goal for connection that continues to motivate the business today. One of the leading companies in mobile technology and network infrastructure is Ericsson. 2G, 3G, 4G, and 5G network infrastructure are among the hardware and software products that Ericsson develops and markets. For telecom operators, the company provides network optimization, managed services, and consultancy. Although it is primarily a product company, certain of its divisions support their goods in a manner like to that of service-based businesses.
Quick Overview of Ericsson
| Details | Info |
| Founded | 1876 |
| Founder | Lars Magnus Ericsson |
| Headquarters | Stockholm, Sweden |
| President & CEO | Börje Ekholm |
| Industry | Telecommunications & Networking |
| Products & Services | 5G Networks, Radio Access Networks, Cloud Core, Managed Services, IoT Solutions |
| Global Presence | Operates in 180+ countries |
| Employees | 100,000+ (approx.) |
| Official Website | www.ericsson.com |
Company History
The Wallenberg family, through its holding company Investor AB, and the universal bank Handelsbanken, via its investment company Industrivärden, jointly own the business, which was established in 1876 by Lars Magnus Ericsson.
Current Status
With its headquarters located in Stockholm, Ericsson is a multinational networking and telecommunications corporation of Swedish origin. One of the pioneers of 5G, Ericsson has played a significant role in the growth of the telecom sector. In addition to being the creator of Bluetooth technology, Ericsson has been granted over 57,000 patents.
The company sells information and communications technology infrastructure, software, and services to businesses and telecoms service providers. These services include Internet Protocol (IP) and optical transport systems, as well as cellular 4G and 5G equipment.
Future Outlook
Its substantial 36% market share outside of China in 2024 increased to over 42% in Q1 2025, making it the world’s top provider of mobile networks in the Radio Access Network (RAN) industry. To satisfy changing market expectations, the company is concentrating on expanding its global presence and broadening its range of services. With a focus on enterprise solutions and high-margin installations, the company is making the shift to a software-driven 5G enabler. In September 2024, Ericsson introduced Aduna, a combined network APIs business. This effort reached all three of Japan’s major service providers with its Network API by Q2 2025.
