Telefonaktiebolaget LM Ericsson

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Ericsson-2018.svg

Ericsson is a Swedish multinational networking and telecommunications company, headquartered in Stockholm. Ericsson specializes in the design, manufacture, and marketing of stationary and mobile telecommunications systems and equipment.
The company has 4 manufacturing sites, and sells its products worldwide. Sweden accounts for 56.9% of net sales. Product families:

  • 65.7%: Transmission network and telephony equipment and systems;
  • 30.3%: Services: primarily network management and control and systems integration services;
  • 4%: Multimedia equipments.

Company

Shareholders

Total float: 88.8%
Source: MarketScreener.svg, Mar.2020

Structure

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Plastic: link > link

Timelines

Ericsson

  • Jun.2017: Bloomberg disclosed that Ericsson hired Morgan Stanley to explore the sale of its media businesses.ref The Red Bee Media business was kept in-house as an independent subsidiary company, as no suitable buyer was found, but a 51% stake of the remainder of the Media Solution division was sold to private equity firm One Equity Partners,[1] the new company being named MediaKind.[2] The transaction was completed on 31 January 2019.[75]
  • Feb.2019: MediaKind: Ericsson sold a 51% stake in the business to private equity firm One Equity Partners. MediaKind and Red Bee Media had formed Ericsson's Media Solutions division; Red Bee was kept in-house as no suitable buyer had been found.[ref]
  • Jul.2013:
    Red-Bee-Media.svgDeals-Arrow-Left.svg
    Red Bee Media Ltd: Ericsson announced the acquisition of the media management company from an entity controlled by Macquarie Advanced Investment Partners LP, subject to regulatory approval.ref The deal was completed in May.2014,ref and the company was hived up into the Global Services business unit.RedBeeMedia.com
    • Oct.2005: Red Bee Media Ltd was launched with a new name and corporate identity.ref RedBeeMedia.com
    • Aug.2005: the British Broadcasting Corporation sold its commercial subsidiary "BBC Broadcast Ltd" to a Macquarie consortium after a review of its commercial businesses.CH Red Bee's "Creative Broadcast Services Ltd" was held by Macquarie Capital Alliance Group (65%) and Macquarie Bank (35%).ref
  • Sept.2006: Ericsson Microwave Systems, Ericsson's defense business which mainly produced sensor and radar systems, was sold to Saab AB, which renamed the company to "Saab Microwave Systems".ref The sale meant Saab Ericsson Space, previously a joint venture, was now fully owned by Saab. The "National Security & Public Safety" division was not included in the sale to Saab.
  • Oct.2005: Marconi Communications Ltd, which formed the majority of Marconi Corporation plc, was acquired. Included in the deal was the Marconi brand name,ref together with its portfolio of transmission, fibre optic and fixed network services.
  • 1956: Ericsson Microwave Systems was established. Its main market was in the sensor and telecommunications weapons field.WP
  • 1932:
    Deals-All-Change.svg
    Wallenberg Companies: in the wake of the Kreuger CrashWikipedia-W.svg, LM Ericsson became a new Wallenberg Group holding. Ericsson § Wallenberg era beginsWikipedia-W.svg
  • Apr.1876:
    Ericsson-1876.png
    LM Ericsson & Co Mekanisk Werkstad Stockholm was registered by Lars Magnus Ericsson.
ToDo: link, link, Wallenberg, History, link, link, link, link, link, link, link

General Electric Company Ltd

ToDo: link

English Electric Company Ltd

  • Nov.1981: Privatisation: the govt sold 49% of its shares in Cable and Wireless as its first privatisation venture. By 1985, all shares had been sold to the private sector apart from a single "golden share" retained by the govt.
  • 1979: A new govt came into office, determined to privatise as much of the state-owned sector as possible.
  • 1964: English Electric LEO Company: EE bought J Lyons' 50% share in the joint venture.
  • 1963: English Electric LEO Company, a joint venture with J Lyons & Company, was formed by the merger of § LEO Computers Ltd with English Electric Company Ltd's computer interests.ref,ref LEO Computers Ltd had been formed in 1954 by J Lyons & Company to build computers, sold worldwide.
  • 1950s‑1970s: Many UK overseas possessions became independent states. In cases where their external telecommunications systems had been operated by Cable and Wireless, it became a junior partner with the various new govts.
    By 1972, Cable and Wireless' largest operation was in Hong Kong, where the international telephone service it operated provided 88% of its profits. The UK govt was still its sole shareholder, receiving all profits whilst offering no assistance.
  • 1950: The majority of Cable & Wireless's UK assets and staff were transferred to the General Post Office.
  • Jan.1947: Nationalisation: the govt nationalised Cable & Wireless Ltd, although not its holdco "Cable & Wireless (Holding)", which became an investment trust.
  • 1946: English Electric Company Ltd acquired Cable & Wireless's 100% holding in Marconi's Wireless Telegraph Company. This reflected EE's intention to diversify away from heavy electrical engineering to (what was seen as) the new field of electronics. It also gave EE 42% of Marconi International Marine Company, plus the entirety of Marconi Instruments Ltd. EE established the English Electric Valve Company to hold the ex-Marconi valve business.ref
  • 1934: Cable & Wireless Ltd: Imperial & International Communications was given outright ownership of the short-wave radio system created by the General Post Office; in return the govt acquired shares in the company. Subsequently, Imperial & International Communications was renamed to Cable & Wireless Ltd, with Cables and Wireless Ltd being renamed to Cable and Wireless (Holding) Ltd.ref
  • Apr.1929: Imperial & International Communications Ltd: the govt decided to merge the British Empire's communications methods into one operating company. Imperial & International's holding company "Cables & Wireless Ltd" (a) controlled interests such as patent rights, and (b) held the interests of 12 companies, including the assets of Marconi's Wireless Telegraph Company. (See Imperial Telegraphs Act 1929)
    The 12 companies were the exclusive owners of Imperial and International Communications Ltd, which owned and operated the actual cable and radio stations, cables, ships, and other assets.
Additional Sources: Cable and Wireless plc Company-Histories.com. Accessed May.2019. ♦ Imperial and International Communications Grace's Guide. Accessed May.2019.
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LEO Computers Ltd
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