Telefonaktiebolaget LM Ericsson

F:ERCB

Business Description

Sector

Information Technology

Industry

Communications

Headquarters

Sweden SE

Employees

101 067

IPO date

Jan 1, 2008

Ericsson makes the equipment and software that mobile networks need to work. Its main products include radio gear for cell towers, core network software, transport systems, and network management tools that help carriers build and run 4G and 5G networks. It also sells services such as network design, deployment, and ongoing support.

Its main customers are mobile network operators and, in some cases, large enterprises and government customers that need private wireless networks or communications infrastructure. Ericsson makes money by selling hardware, software licenses, maintenance, and service contracts. It also earns from licensing technology and patents that other companies use in mobile communications.

What makes Ericsson’s business different is that it sits in the middle of the wireless industry’s infrastructure layer. It does not sell to everyday consumers; it sells the systems that let carriers connect them. That makes Ericsson a key supplier to the telecom industry, where long-term customer relationships, technical standards, and network reliability matter more than flashy consumer branding.