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

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

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

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.