Ericsson

Telefonaktiebolaget LM Ericsson is a Swedish multinational networking and telecommunications company headquartered in Stockholm, founded in 1876. The company is one of the two leading global suppliers of 5G radio access network (RAN) equipment alongside Nokia, reporting approximately $22 billion in revenue and an operating margin of 17% in 2025. Ericsson's technology handles more than 40% of the world's mobile traffic.\n\nEricsson's Networks segment, its largest business unit, provides RAN hardware, radio software, and network management systems to mobile operators in over 180 countries. The company has been a pioneer in Open RAN architecture, developing virtualized and cloud-native network components that allow operators to disaggregate hardware from software. Ericsson also acquired Vonage in 2022 for $6.2 billion to build out its cloud communications and network APIs business.\n\nThe company has faced significant market headwinds including reduced RAN spending as North American 5G buildouts matured and Chinese operators shifted to domestic suppliers. In response, Ericsson restructured in 2024-2025, eliminating thousands of positions and resharpening its focus on software-led growth, particularly in Intelligent Automation and Network APIs. Despite challenges, Ericsson maintains strategic importance as Western governments restrict Huawei equipment in critical national infrastructure.