Founded in 1876 by Lars Magnus Ericsson,[4] the company is today headquartered in Stockholm, Sweden. The company employs more than 110,000 people and works with customers in more than 180 countries, including the United States, China, India, Brazil, Japan, South Africa, Australia, Germany, Italy, the UK, and Sweden. Ericsson holds approximately 35,000 granted patents as of 2012, including many in the wireless communications field.
Foundation
Lars Magnus Ericsson began his association with telephones in his youth as an instrument maker.[5] He worked for a firm which madetelegraph equipment for the Swedish government agency Telegrafverket. In 1876, at the age of 30, he started a telegraph repair shop with help from his friend Carl Johan Andersson. The shop was in central Stockholm (No. 15 on Drottninggatan, the principal shopping street) and repaired foreign-made telephones. In 1878 Ericsson began making and selling his own telephone equipment. His phones were not technically innovative, as most of the inventions had already been made in the United States. In 1878 he made an agreement to supply telephones and switchboards to Sweden's first telecom operating company, Stockholms Allmänna Telefonaktiebolag.
Also in 1878, local telephone importer Numa Peterson hired Ericsson to adjust some telephones from the Bell Telephone Company. This inspired him to buy