1903 - British L. M. Ericsson Manufacturer Company formed. This was a joint venture between L. M. Ericsson of Sweden and the National telephone Company (NTC). 1912 - The GPO (who had taken over NTC) relinquish control to L. M. Ericsson. 1926 - L. M. Ericsson reduces it's share of the company and the Ericsson Telephone Company (ETL) is formed.