Ericsson announced it has acquired additional shares in its enterprise equipment joint venture LG-Ericsson. Before the purchase, Ericsson held 50 percent of the shares plus one share. After the share purchase, Ericsson holds 75 percent of the shares in the company. LG-Ericsson is a joint venture between LG Electronics and Ericsson in which Ericsson acquired Nortel's part of the company in July 2010. The company provides a portfolio of mobile and fixed network infrastructure, telecom services, software, broadband, voice and data network equipment for enterprises. The company has 1,300 employees and is headquartered in Seoul.
