LG-Ericsson
Encyclopedia
LG-Ericsson is a joint venture
company created between the Swedish group Ericsson
and the South Korea
n 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 (LG-Ericsson's former name), and subsequently renamed it LG-Ericsson.
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. 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.
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.
paid $ 145 million for 50% stake plus one share, with LG Electronics
taking the balance.
Now, with the recent bankruptcy of Nortel, it has sold its 50% plus one share to LM Ericsson for $242 million.
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
company created between the Swedish group Ericsson
Ericsson
Ericsson , one of Sweden's largest companies, is a provider of telecommunication and data communication systems, and related services, covering a range of technologies, including especially mobile networks...
and the South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
n group LG Electronics
LG Electronics
LG Electronics is a global electronics and telecommunications company headquartered in Yeouido, Seoul, South Korea. The company operates its business through five divisions: mobile communications, home entertainment, home appliance, air conditioning and business solution...
. 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 (LG-Ericsson's former name), and subsequently renamed it LG-Ericsson.
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 solutionSolution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
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
Unified communications
Unified communications is the integration of real-time communication services such as instant messaging , presence information, telephony , video conferencing, data sharing , call control and speech recognition with non-real-time communication services such as unified...
compatible with Microsoft
Microsoft
Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...
Office Communications Server 2007 and Microsoft Office Communicator 2007. For example, the terminal LG-Nortel IP Phone 8540's includes the operating system Windows CE
Windows CE
Microsoft Windows CE is an operating system developed by Microsoft for embedded systems. Windows CE is a distinct operating system and kernel, rather than a trimmed-down version of desktop Windows...
, 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.
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
NortelNortel
Nortel Networks Corporation, formerly known as Northern Telecom Limited and sometimes known simply as Nortel, was a multinational telecommunications equipment manufacturer headquartered in Mississauga, Ontario, Canada...
paid $ 145 million for 50% stake plus one share, with LG Electronics
LG Electronics
LG Electronics is a global electronics and telecommunications company headquartered in Yeouido, Seoul, South Korea. The company operates its business through five divisions: mobile communications, home entertainment, home appliance, air conditioning and business solution...
taking the balance.
Now, with the recent bankruptcy of Nortel, it has sold its 50% plus one share to LM Ericsson for $242 million.