Ericsson Nikola Tesla

Croatian telecoms manufacturer

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Ericsson Nikola Tesla d.d.

Company type| Public

Traded as

| ZSE: ERNT
ISIN| HRERNTRA0000
Industry| Telecommunications
Founded| Zagreb, Croatia (1949)
Headquarters| Zagreb, Croatia

Area served

| Worldwide

Key people

| Gordana Kovačević (President and CEO)
Products| Mobile and fixed broadband networks, consultancy and managed services, multimedia technology
Revenue| € 300 million (2023)[1]

Number of employees

| 2,920 (2023)
Parent| Ericsson
Website| ericssonnikolatesla.com

Ericsson Nikola Tesla d.d. is the Croatian subsidiary of the Swedish telecommunications equipment manufacturer Ericsson. The company, named after the inventor Nikola Tesla was founded in 1949 as a state-owned enterprise. In 1953 it became a licensee for Ericsson, manufacturing and selling their phones in the local market and then a subsidiary upon its privatization in 1994. It is the largest provider of telecommunications products, solutions and services in the telecommunications, healthcare, intelligent transportation systems and enterprise fields in central and eastern Europe.

## History

[edit]

Ericsson Nikola Tesla traces its roots back to the state-owned Nikola Tesla Corporation founded in 1949 in Zagreb, then SFR Yugoslavia. It was very successful in the local telecommunications market, and the regional markets, especially of Europe, for over forty years. It became a licence partner of Ericsson of Sweden in 1953, selling large volumes of Ericsson systems into the USSR and other markets from 1958.

In 1977, the company began making Ericsson AXE switches under licence.

With the collapse of Yugoslavia and the independence of Croatia, the state began looking to privatize the corporation in the year 1992. By 1994, Ericsson emerged as the highest bidder and purchased a 49 percent share of the corporation —estimated at $40 million,[2] and integrating operations to a significant extent by 1995.

In 2011, the company was Croatia's eighth largest exporter.[3]

## Operations

[edit]

The company is based in Zagreb, with some R&D activities in Split. Staff number in excess of 2900. Gordana Kovačević serves as president of Ericsson Nikola Tesla and head of its Management Board, while its Supervisory Board is normally headed by the head of the Ericsson Market Unit which includes Croatia.

Significant customers exist in Croatia and Bosnia and Herzegovina, as well as other states of the former USSR and SFR Yugoslavia, and parts of Africa and the Middle East, and the company markets to Croatia, foreign markets and the Ericsson Group. Sixty percent of sales are exports.[citation needed]

## Finances

[edit]

Ericsson sales for 2007 totalled 1.78 billion US$, having risen year-on-year for many years. Steadily rising costs of sales have eroded profit, with net income being just under 200 million US$ for 2007.[citation needed]

Market capitalization exceeds US$300 million.[citation needed]

## References

[edit]

1. ^ "Annual Results 2023" (PDF). Ericsson Nikola Tesla. Retrieved 2024-01-25.
2. ^ Sharma, Soumitra (1997). Restructuring Eastern Europe: The Microeconomics of the Transition Process. Edward Elgar. p. 107\. ISBN 9781858985763.
3. ^ "Top 10 najvećih hrvatskih izvoznika". tportal.hr (in Croatian). 17 June 2012. Retrieved 17 June 2012.

## External links

[edit]

* Ericsson Nikola Tesla \- Official site

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