Lars Magnus Ericsson

Ericsson is one of the world’s leading information and communication technology companies. Our headquarters are located in Stockholm, Sweden , which has been our base for the past 140 years.

5G is the fifth generation of cellular networks . Up to 100 times faster than 4G, 5G is creating never-before-seen opportunities for people and businesses.

Ericsson, the world’s biggest producer of mobile networks and fourth biggest handset supplier, said that from October 1st it would create five global customer units to take care of Vodafone, France Telecom, Deutsche Telekom, Telefonica and TIM .

Moreover, Networks is Ericsson’s most profitable division , with a gross margin of nearly 41.2% in 2019. The division’s gross margin expanded by 200 basis points in 2019 as Ericsson continued to win commercial 5G contracts while also benefitting from it’s earlier contract wins.