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{{Short description|Joint venture company}}
{{Use dmy dates|date=January 2015}}
{{Use dmy dates|date=January 2015}}
{{Infobox company
{{Infobox company
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| type = [[Joint venture]]
| type = [[Joint venture]]
| genre =
| genre =
| foundation = 2005
| foundation = 2010
| founder =
| founder =
| location =
| location = Headquarters: Seoul, South Korea
13F, Meritz Tower, Gangnam-gu
| key_people = Patrick Johansson ([[Chief executive officer|CEO]])

Ericsson-LG, Seoul R&D Campus
12-13F, LG Gasan Digital Center, Geumcheon-gu
| key_people = Hannes Ekström, Haengman Heo
| area_served =
| area_served =
| industry =
| industry =
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| operating_income =
| operating_income =
| net_income =
| net_income =
| num_employees = Approximately 1,438 employees (November 2005)
| num_employees = 850 in South Korea
| parent =
| parent =
| divisions =
| divisions =
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}}
}}


'''Ericsson-LG''' is a [[joint venture]] company owned by the Swedish group [[Ericsson]] (75%) and the [[South Korea]]n group [[LG Electronics]] (25%). Founded in July 2010, Ericsson-LG designs and markets devices for telecommunications network operators and enterprises in South Korea.
'''Ericsson-LG''' is a [[joint venture]] company owned by the Swedish group [[Ericsson]] (75%) and the [[South Korea]]n group [[LG Electronics]] (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{{clarify|date=November 2011}} 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),<ref>{{cite press release|title=Nortel Completes Sale of Shares in LG-Nortel to Ericsson |url=http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100268778&locale=en-US&lcid=-1 |publisher=[[Nortel]] |date=2010-06-29 |accessdate=2010-07-08 |deadurl=yes |archiveurl=https://web.archive.org/web/20110714195417/http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100268778&locale=en-US&lcid=-1 |archivedate=14 July 2011 |df=dmy }}</ref> and subsequently renamed it LG-Ericsson.<ref>{{cite news |title=Expanded focus as LG-Nortel becomes LG-Ericsson |first=Stuart |last=Corner |newspaper=iTWire |date=2010-07-05 |url=http://www.itwire.com/it-industry-news/strategy/40181-expanded-focus-as-lg-nortel-becomes-lg-ericsson|accessdate=2010-07-08}}</ref> On 22 March 2012, Ericsson raised its stake to 75%.<ref name="Ericsson Raises Stake in LG-Ericsson to 75%">{{cite news |url=http://www.businessweek.com/news/2012-03-22/ericsson-increases-stake-in-lg-ericsson-to-75-percent-to-grow-in-korea |title=Ericsson Raises Stake in LG-Ericsson to 75% |date=22 March 2012 |publisher=businessweek |accessdate=2012-03-22 |deadurl=yes |archiveurl=https://web.archive.org/web/20120324192444/http://www.businessweek.com/news/2012-03-22/ericsson-increases-stake-in-lg-ericsson-to-75-percent-to-grow-in-korea |archivedate=24 March 2012 |df=dmy }}</ref> 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 [[solution]]
s and ToIP [[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]] compatible with [[Microsoft]] Office Communications Server 2007 and [[Microsoft Office Communicator]] 2007.<ref>[http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100220409&locale=en-US "LG-Nortel Eases Path to Unified Communications Devices with Innovative UC Optimized for Microsoft Office Communications Server 2007"], Nortel press release, 14/05/2007.</ref> For example, the terminal LG-Nortel IP Phone 8540's includes the operating system [[Windows CE]], 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.<ref>[http://www.reseaux-telecoms.net/actualites/lire-alliance-nortel-microsoft-ca-prend-forme-16463.html "Alliance ICA: It Is Taking Shape"], Networking & Telecom Journal, 05/06/2007.</ref>


Ericsson-LG has worked closely with three major service operators in South Korea: SKT, KT, and LG U+. As a core partner, Ericsson-LG has enabled operators to launch early commercialized services, namely CDMA and 5G, as well as play an important role in driving Korea as a key player in the global mobile communications market.  
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.<ref name="LG-Nortel Acquires Novera Optics">{{cite news|url=http://news.taume.com/World-Business/Business-Finance/LG-Nortel-Acquires-Novera-Optics-6322 |title=LG-Nortel Acquires Novera Optics |date=13 August 2008 |publisher=Taume News |accessdate=2008-08-13 |deadurl=yes |archiveurl=https://web.archive.org/web/20081202150520/http://news.taume.com/World-Business/Business-Finance/LG-Nortel-Acquires-Novera-Optics-6322 |archivedate=2 December 2008 |df=dmy }}</ref>


In October 2022, Ericsson-LG appointed Hannes Ekström as the CEO and Joint Representative Director.
The company has also developed a range of IP PABX hybrids, known as Aria Soho, the market for SOHO / SME.


Initially founded as LG-Nortel in November 2005, Ericsson bought Nortel's stake in June 2010 and subsequently renamed the company LG-Ericsson. On March 22, 2012, Ericsson increased its stake to 75% and on September 1, 2012, LG-Ericsson changed its name to Ericsson-LG.
==Composition of the shareholding==


== Key Products and Services ==
[[Nortel]] paid $145 million for 50% stake plus one share, with [[LG Electronics]] taking the balance.


Ericsson-LG’s key products and services has three primary business units: Networks, Cloud Software and Services, and Private Networks.
Due to Nortel's bankruptcy, this 50% plus one share was sold to [[LM Ericsson]] for $242 million.


First, Networks provides the hardware, software, and related offerings for both radio access network (RAN) and mobile transport. The network technology covers Ericsson-LG’s end-to-end 5G platform and enables access to a full 5G deployment.
On 22 March 2012, Ericsson purchased a further 50% of LG Electronics shares, taking its total holding to 75% plus one share.


Second, Cloud Software and Services. This business unit includes solutions to core network and automation (new use cases with 5G that were previously not possible with 3G or 4G networks) and [[managed services]], which advances network and IT operations as well as next-generation connectivity. Furthermore, for better service quality and successful 5G monetization, Ericsson-LG also offers solutions for services orchestration and telecom BSS. These solutions allow service providers to smoothly transition to cloud native software and automated operations.
== References ==


Finally, there is private networks. Ericsson-LG offers private network solution, Ericsson Private 5G, for various industries to fit any organization’s digital transformation.{{Reflist}}
<references/>


{{LG Corporation}}
== External links ==
{{Authority control}}
* [http://www.ericssonlg.com/ Official Ericsson-LG website]


{{DEFAULTSORT:Ericsson-Lg}}
{{DEFAULTSORT:Ericsson-Lg}}

Latest revision as of 14:55, 8 September 2023

Ericsson-LG
Company typeJoint venture
Founded2010
HeadquartersHeadquarters: Seoul, South Korea

13F, Meritz Tower, Gangnam-gu

Ericsson-LG, Seoul R&D Campus

12-13F, LG Gasan Digital Center, Geumcheon-gu
Key people
Hannes Ekström, Haengman Heo
OwnerEricsson (75%) and LG Electronics (25%)
Number of employees
850 in South Korea
Websitewww.ericssonlg.com

Ericsson-LG is a joint venture company owned by the Swedish group Ericsson (75%) and the South Korean group LG Electronics (25%). Founded in July 2010, Ericsson-LG designs and markets devices for telecommunications network operators and enterprises in South Korea.

Ericsson-LG has worked closely with three major service operators in South Korea: SKT, KT, and LG U+. As a core partner, Ericsson-LG has enabled operators to launch early commercialized services, namely CDMA and 5G, as well as play an important role in driving Korea as a key player in the global mobile communications market.  

In October 2022, Ericsson-LG appointed Hannes Ekström as the CEO and Joint Representative Director.

Initially founded as LG-Nortel in November 2005, Ericsson bought Nortel's stake in June 2010 and subsequently renamed the company LG-Ericsson. On March 22, 2012, Ericsson increased its stake to 75% and on September 1, 2012, LG-Ericsson changed its name to Ericsson-LG.

Key Products and Services

[edit]

Ericsson-LG’s key products and services has three primary business units: Networks, Cloud Software and Services, and Private Networks.

First, Networks provides the hardware, software, and related offerings for both radio access network (RAN) and mobile transport. The network technology covers Ericsson-LG’s end-to-end 5G platform and enables access to a full 5G deployment.

Second, Cloud Software and Services. This business unit includes solutions to core network and automation (new use cases with 5G that were previously not possible with 3G or 4G networks) and managed services, which advances network and IT operations as well as next-generation connectivity. Furthermore, for better service quality and successful 5G monetization, Ericsson-LG also offers solutions for services orchestration and telecom BSS. These solutions allow service providers to smoothly transition to cloud native software and automated operations.

Finally, there is private networks. Ericsson-LG offers private network solution, Ericsson Private 5G, for various industries to fit any organization’s digital transformation.

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