Wikipedia
Ericsson-LG
Ericsson-LG is a joint venture company owned by the Swedish group Ericsson and the South Korean group LG Electronics. 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.