Ericsson (Telefonaktiebolaget L. M. Ericsson) (NASDAQ: ERIC, OMX: ERIC B) is a leaing Swedish-based provider of telecommunication and data communication systems, and related services covering a range of technologies, including mobile phones. Founded in 1876 as a telegraph equipment repair shop by Lars Magnus Ericsson, it was incorporated on August 18, 1918. Headquartered in Kista, Stockholm Municipality, since 2003, LM Ericsson is considered part of the so-called "Wireless Valley". Since the mid 1990s, Ericsson's extensive presence in Stockholm helped transform the capital into one of Europe's hubs of information technology (IT) research.