Wednesday, March 21, 2012

Ericsson Boosts Stake in LG-Ericsson to 75%

Ericsson has boosted its stake in LG-Ericsson from 50% to 75%.

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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