Telefonaktiebolaget LM Ericsson

History

Year	Detail
1876	Ericsson was formed as a workshop to repair telegraph instruments and undertake small mechanical engineering jobs.
1902	The company opened a sales office in New York. Four years later, the company transformed its sales office into a telephone production plant that began operations in Buffalo, New York.
1905	Ericsson won an agreement to operate the telephone network in Mexico City and its outlying areas. After four years, Mexeric, an Ericsson subsidiary, took over these operations.
1923	Ericsson's first telephone station with the 500-switching system came into regular operation. Eight years later, the company delivered around 100 telephone stations with over 350,000 lines.
1977	The company installed its first digital telephone exchange (AXE). By the end of the 1970s, additional AXE deliveries were made to France, Finland, Australia, Sweden, and Saudi Arabia.
2000	Ericsson has become one of the leading suppliers of 3G mobile systems worldwide.
2005	Ericsson wins the most significant contracts to manage Operator 3's networks in the U.K. and Italy. Under this contract, the company will operate, maintain, and expand 3's network, IT infrastructure, and ongoing radio network rollout.
2008	Ericsson established a research center in Silicon Valley, U.S.
2009	Ericsson collaborated with Verizon to conduct its first data call on the 4G network.
2011	Ericsson acquired Telcordia, the American telecommunication research and development company, for $1.8 billion. Under this acquisition, the company wants to strengthen its Operations support systems (OSS), business support systems (BSS) transformation, and mobile broadband support systems.
2012	Ericsson acquired BelAir Networks, a carrier-grade Wi-Fi company, to become a solid carrier-grade Wi-Fi portfolio, technological expertise, and IPR, establishing customer contracts and relationships.