Ericsson is a Swedish multinational telecommunications giant, which basically provides software and infrastructure in communications and information technology to telecom service providers all across the world. Apart from the telecommunication related services, it is known for providing Internet Protocol (IP) networking equipment, operations and business support services, mobile and fixed broadband, Cable TV, IPTV, extensive services and video systems services to many other industries. Currently, Leif Johansson is the Chairman of Ericsson and Hans Vestberg serves as its President and CEO. The company is headquartered in Stockholm, Sweden and has many offices across all the five continents. As of 2015, it employs a total of 118,055 people and assets worth SEK 293.6 billion.
The company’s establishment can be traced back to the late 19th century when its founder Lars Magnus Ericsson had started manufacturing telephones in his early youth. After working for a few years at a firm that manufactured telegraph equipment, he established his own telegraph repair shop in partnership with a friend. Soon enough he gained enough experience to manufacture a telephone of his own and started the company under his last name, and rest is history. The company today is one of the most profitable corporations in the world and is ever rising.