History
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 communism 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 took a share of the corporation just short of majority ownership, integrating operations to a significant extent by 1995.
Read more about this topic: Ericsson Nikola Tesla
Famous quotes containing the word history:
“No cause is left but the most ancient of all, the one, in fact, that from the beginning of our history has determined the very existence of politics, the cause of freedom versus tyranny.”
—Hannah Arendt (1906–1975)
“History is more or less bunk. It’s tradition. We don’t want tradition. We want to live in the present and the only history that is worth a tinker’s damn is the history we make today.”
—Henry Ford (1863–1947)
“Revolutions are the periods of history when individuals count most.”
—Norman Mailer (b. 1923)