Ericsson increases ownership in LG-Ericsson
· Increases ownership from 50% plus one share, to 75% · Ownership in LG-Ericsson has successfully established Ericsson in the Korean market Ericsson (NASDAQ:ERIC) today announced it has acquired additional shares in LG-Ericsson. Before the purchase, Ericsson held 50% of the shares plus one share. After the share purchase, Ericsson holds 75% of the shares in LG-Ericsson. 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