Acquisition of Nortel’s stake of the joint venture LG-Nortel

STOCKHOLM, SWEDEN--(Marketwire - 04/21/10) - -- Strengthened ability to serve the Korean market and reach new customers -- Second largest installed base with all leading Korean operators -- Purchase price is USD 242 million on a cash and debt free basis -- New name of the joint venture will be LG-Ericsson Ericsson (NASDAQ: ERIC - News ) has today entered into a share purchase agreement to ...