Ericsson has revealed that it has increased its share in LG-Ericsson from 50 percent plus one share to 75 percent.

The Swedish firm has not disclosed how much it has paid for the additional shares in LG-Ericsson, which is a joint venture between LG Electronics and Ericsson.

Ericsson purchased shares in the company which were previously owned by Nortel in July 2010.

The joint venture is said to offer specifically tailored solutions to operators and enterprises, and focuses on a wide range of mobile and fixed network infrastructure, telecoms services, software, broadband, voice and data network solutions.

The organisation has a 1,300-strong workforce and its main headquarters are based in Seoul, South Korea. The joint venture has been fully consolidated by Ericsson since the acquisition in 2010.

Ericsson, meanwhile, is headquartered in the Swedish capital of Stockholm, has more than 100,000 employees and currently operates in 180 countries.

More News

Vodafone aims for connected car dominance with Cobra acquisition Vodafone aims for connected car dominance with Cobra acquisition Vodafone has said it is now holds a unique position in the connected car space following its acquisition of Cobra. More detail
Telefónica unveils new telematics partner in Europe, boosts M2M portfolio Telefónica unveils new telematics partner in Europe, boosts M2M portfolio Telefónica has announced a partnership in Europe with fleet transport telematics company Geotab that sees the two companies launch a “plug and play” solution. More detail
TeliaSonera unveils new M2M-in-a-box solution, wearable tech contract win TeliaSonera unveils new M2M-in-a-box solution, wearable tech contract win TeliaSonera has made two key announcements at its M2M symposium in Stockholm. More detail
Telefónica beats Vodafone to new TalkTalk MVNO contract Telefónica beats Vodafone to new TalkTalk MVNO contract Telefónica UK has signed a new multi-year MVNO deal with TalkTalk that sees the broadband and Pay TV operator continue to offer mobile services to its four million customers. More detail
Vodafone targets sub-Saharan Africa with Afrimax partnership Vodafone targets sub-Saharan Africa with Afrimax partnership Vodafone will its bring communications services to sub-Saharan Africa after signing a deal with regional operator Afrimax. More detail
    

This website uses cookies to improve your experience. Using our website, you agree to our use of cookies

Learn more

I understand

About cookies

This website uses cookies. By using this website and agreeing to this policy, you consent to SJP Business Media's use of cookies in accordance with the terms of this policy.

Cookies are files sent by web servers to web browsers, and stored by the web browsers.

The information is then sent back to the server each time the browser requests a page from the server. This enables a web server to identify and track web browsers.

There are two main kinds of cookies: session cookies and persistent cookies. Session cookies are deleted from your computer when you close your browser, whereas persistent cookies remain stored on your computer until deleted, or until they reach their expiry date.

Refusing cookies

Most browsers allow you to refuse to accept cookies.

In Internet Explorer, you can refuse all cookies by clicking “Tools”, “Internet Options”, “Privacy”, and selecting “Block all cookies” using the sliding selector.

In Firefox, you can adjust your cookies settings by clicking “Tools”, “Options” and “Privacy”.

Blocking cookies will have a negative impact upon the usability of some websites.

Credit

This document was created using a Contractology template available at http://www.freenetlaw.com.