Ericsson-LG: Difference between revisions
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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 and internationally. |
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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 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 devices 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 |url-status=dead |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 |url-status=dead |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. |
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On 1 Sep 2012, LG-Ericsson changed its name to Ericsson-LG. |
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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. In October 2022, Ericsson-LG appointed Hannes Ekström as the CEO and Joint Representative Director. |
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== Key products == |
== Key products == |
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The company has also developed a range of IP PABX hybrids, known as Aria Soho, the market for SOHO / SME. |
The company has also developed a range of IP PABX hybrids, known as Aria Soho, the market for SOHO / SME. |
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==Composition of the shareholding== |
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[[Nortel]] paid $145 million for 50% stake plus one share, with [[LG Electronics]] taking the balance. |
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Due to Nortel's bankruptcy, this 50% plus one share was sold to [[LM Ericsson]] for $242 million. |
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On 22 March 2012, Ericsson purchased a further 50% of LG Electronics shares, taking its total holding to 75% plus one share. |
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== References == |
== References == |
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Revision as of 00:08, 13 June 2023
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| Company type | Joint venture |
|---|---|
| Founded | 2010 |
| Headquarters | Headquarters: 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 |
| Owner | Ericsson (75%) and LG Electronics (25%) |
Number of employees | 850 in South Korea |
| Website | www |
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 and internationally.
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. In October 2022, Ericsson-LG appointed Hannes Ekström as the CEO and Joint Representative Director.
Key products
The company has developed a range of IP phones (MGCP / SIP / H.323), wireless and outposts such as videophones (SIP) compatible with 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.[1] 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.[2]
In August 2008, the company acquired Novera Optics, a developer of fiber-optics 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.[3]
The company has also developed a range of IP PABX hybrids, known as Aria Soho, the market for SOHO / SME.
References
- ^ "LG-Nortel Eases Path to Unified Communications Devices with Innovative UC Optimized for Microsoft Office Communications Server 2007" Archived 29 September 2007 at the Wayback Machine, Nortel press release, 14/05/2007.
- ^ "Alliance ICA: It Is Taking Shape", Networking & Telecom Journal, 05/06/2007.
- ^ "LG-Nortel Acquires Novera Optics". Taume News. 13 August 2008. Archived from the original on 2 December 2008. Retrieved 2008-08-13.
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