LG-Ericsson - A Joint Venture

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Ericsson has acquired additional shares in LG-Ericsson. Before the purchase, Ericsson held 50% of the shares plus one share. After the share purchase, Ericsson holds 75%of the shares in LG-Ericsson.

LG-Ericsson is a joint venture between LG Electronics and Ericsson in which Ericsson acquired Nortel's part of the company in July 2010. The company provides customized solutions for operators and enterprises with a portfolio of mobile and fixed network infrastructure, telecom services, software, broadband, voice and data network solutions for enterprises.

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