2005 key people patrick johansson ceo owner ericsson and lg electronics number of employees approximately 1 438 employees november 2005 website http www.ericssonlg.com 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 clarification needed 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 1 and subsequently renamed it lg ericsson . 2 on 22 march 2012 ericsson raised its stake to 75 % . 3 on 10 april 2012 lg ericsson appointed martin wiktorin as ceo . on 1 sep 2012 lg ericsson changed its name to ericsson lg . contents 1 key products 2 composition of the shareholding 3 references 4 external links key products edit 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 solution 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 . 4 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 . 5 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 . 6 the company has also developed a range of ip pabx hybrids known as aria soho the market for soho sme . composition of the shareholding edit nortel paid 145 million for 50 % stake plus one share with lg electronics taking the balance . due to nortel s bankruptcy this 50 % plus one share was sold to lm ericsson for 242 million . on 22 march 2012 ericsson purchased a further 50 % of lg electronics shares taking its total holding to 75 % plus one share . references edit nortel completes sale of shares in lg nortel to ericsson press release . nortel . 2010 06 29 . retrieved 2010 07 08 . corner stuart 2010 07 05 . expanded focus as lg nortel becomes lg ericsson . itwire . retrieved 2010 07 08 . ericsson raises stake in lg ericsson to 75 % . businessweek . 22 march 2012 . retrieved 2012 03 22 . lg nortel eases path to unified communications devices with innovative uc optimized for microsoft office communications server 2007 nortel press release 14 05 2007 . alliance ica it is taking shape networking & telecom journal 05 06 2007 . lg nortel acquires novera optics . taume news . 13 august 2008 . retrieved 2008 08 13 . external links edit official ericsson lg web site retrieved from https en.wikipedia.org w index.php title ericsson lg & oldid 730182015 categories nortelteleconferencingvideotelephonytelecommunications equipment vendorsericssonhidden categories use dmy dates from january 2015pages using infobox company with unsupported parameterswikipedia articles needing clarification from november 2011 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschfran ais polskiti ng vi t edit links this page was last modified on 17 july 2016 at 08 36 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view