Nortel

Ericsson Completes Acquisition of Nortel's stake of LG-Nortel

in News, Ericsson, Nortel, LTE

Ericsson has completed the acquisition of Nortel's majority shareholding in LG-Nortel, the joint venture of LG Electronics and Nortel Networks.

Ericsson acquires Nortel's stake in LG-Nortel

in News, Ericsson, LG-Norte, Nortel, LTE

April 21, 2010 - Ericsson has entered into a share purchase agreement to acquire Nortel's majority shareholding in LG-Nortel, the joint venture of LG Electronics and Nortel Networks.

Nortel

in Technology, Nortel, LTE, Manufacturer

LTE comes hand in hand with SAE (System Architecture Evolution), an evolution of the Core Network towards a flat, packet only, all-IP based architecture.