Ericsson-LG is a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...

company owned by the Swedish group

Ericsson (lit. "Telephone Stock Company of LM Ericsson"), commonly known as Ericsson, is a Swedish multinational networking and telecommunications company headquartered in Stockholm. The company sells infrastructure, software, and services in informat ...

(75%) and the

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...

n group

LG Electronics LG Electronics Inc. () is a South Korean multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea. LG Electronics is a part of LG Corporation, the fourth largest '' chaebol'' in South Korea, and often considered a ...

(25%). Founded in November 2005, it engineers and designs telecommunications equipment, with LG providing distribution and marketing. The company, which has approximately 1,500 employees, designs and markets advanced solutions for telecommunications networks operators and enterprises in Korea and internationally. On 29 June 2010, Ericsson bought Nortel's stake in LG-Nortel (Ericsson-LG's former name), and subsequently renamed it LG-Ericsson. On 22 March 2012, Ericsson raised its stake to 75%. On 10 April 2012, LG-Ericsson appointed Martin Wiktorin as CEO. On 1 Sep 2012, LG-Ericsson changed its name to Ericsson-LG.

Key products

The company has developed a range of IP phones (MGCP / SIP / H.323), wireless and outposts such as videophones (SIP) compatible with a variety of solutions and

ToIP Text over IP (or ToIP) is a means of providing a real-time text (RTT) service that operates over IP-based networks. It complements Voice over IP (VoIP) and Video over IP. Real-time text is streaming text that is transmitted as it is produced, all ...

IP Centrex for the market businesses and operators. The company also sells residential LAN switching products, such as the LG-nortel ES24 (24 port Fast Ethernet Switch) and the ES08, an 8 port fast Ethernet switch. The units are manufactured by ANATEL. On May 14, 2007, the company introduced three new products for

unified communications Unified communications (UC) is a business and marketing concept describing the integration of enterprise communication services such as instant messaging (chat), presence information, voice (including IP telephony), mobility features (including e ...

compatible with

Microsoft Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washing ...

Office Communications Server 2007 and

Microsoft Office Communicator Skype for Business (formerly Microsoft Lync and Office Communicator) is an enterprise software application for instant messaging and videotelephony developed by Microsoft as part of the Microsoft Office suite. It is designed for use with the on- ...

2007. For example, the terminal LG-Nortel IP Phone 8540's includes the operating system

Windows CE Windows Embedded Compact, formerly Windows Embedded CE, Windows Powered and Windows CE, is an operating system subfamily developed by Microsoft as part of its Windows Embedded family of products. Unlike Windows Embedded Standard, which is base ...

, and Microsoft Office Communicator 2007. It also includes a biometric reader for security. The user can at any time consult their Outlook calendar, mail or the condition of presence of his associates on the telephone."Alliance ICA: It Is Taking Shape"
Networking & Telecom Journal, 05/06/2007. In August 2008, the company acquired Novera Optics, a developer of fiber-optic access solutions that extend high-speed carrier Ethernet services, for approximately $16M in cash, plus up to an additional $10M to Novera security holders based on achievement of future business milestones over the next 18 months. The company has also developed a range of IP PABX hybrids, known as Aria Soho, the market for SOHO / SME.

Composition of the shareholding

Nortel Nortel Networks Corporation (Nortel), formerly Northern Telecom Limited, was a Canadian multinational telecommunications and data networking equipment manufacturer headquartered in Ottawa, Ontario, Canada. It was founded in Montreal, Quebec, ...

paid $145 million for 50% stake plus one share, with

taking the balance. Due to Nortel's bankruptcy, this 50% plus one share was sold to

LM Ericsson (lit. "Telephone Stock Company of LM Ericsson"), commonly known as Ericsson, is a Swedish multinational networking and telecommunications company headquartered in Stockholm. The company sells infrastructure, software, and services in informat ...

for $242 million. On 22 March 2012, Ericsson purchased a further 50% of LG Electronics shares, taking its total holding to 75% plus one share.

References

External links

Official Ericsson-LG website
{{DEFAULTSORT:Ericsson-Lg Ericsson LG Electronics Nortel Telecommunications equipment vendors Teleconferencing Videotelephony