SEOUL/HELSINKI (Reuters) - Sweden's Ericsson has agreed to buy bankrupt Nortel's controlling stake in a venture with LG Electronics <066570.KS> for $242 million, to get better access to the Korean ...

LG-Nortel is a joint-venture between South Korea’s LG and bankrupt Canadian vendor Nortel Networks. The transaction looks certain to involve Nortel’s majority stake (50 percent + 1 share), which the ...

Canada’s Nortel and South Korea’s LG Electronics Monday agreed to establish a joint venture to develop and provide telecommunication network equipment, they said. The agreement comes after Nortel ...

LG Electronics and Nortel Networks sealed the deal Wednesday on a telecommunications network equipment joint venture that was first announced in January of this year, they said. The deal, which was ...

Nortel is reportedly looking to sell off its stake in a joint venture with Korean telecom company LG in an effort to raise cash. Nortel, which is reorganizing under Chapter 11 bankruptcy protection, ...

A venture of South Korea’s LG Group has bought a spinoff of Irvine-based networking products maker SMC Networks Inc. EdgeCore Networks Inc., which sells switches and other networking gear to small and ...

Timed to coincide with Microsoft’s big unified communications launch last week, Nortel also made a series of announcements of its own. Nortel claimed that it would be the “first in the industry to ...

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