Tag Archives: lg

Nortel’s Cupboards Almost Bare of Assets Now

By Mark Evans | Published: April 21, 2010
I had intended not to spend too much time on AAN with my consulting business rocking and rolling but I’ll take a hall pass with Ericsson’s plans to spend US$242-million to buy Nortel’s 50% + 1 stake in LG-Nortel Co., Nortel’s joint venture with LG Electronics – one of ex-Nortel CEO Bill Owens’ few successes. [...]
Posted in Financials, M&A | Also tagged , , | 80 Comments

Ericsson Reportedly Buys LG Stake

By Mark Evans | Published: March 18, 2010
Ericsson is reportedly buying Nortel’s 50% + 1 stake in the Nortel-LG joint venture – a move that, if accurate, meant that LG didn’t exercise its right of first refusal. The deal was reported by the Seoul Economic Daily’s Web site today. Whether the deal has been consummated is unclear as LG said nothing has [...]
Posted in Financials, M&A | Also tagged , , | 18 Comments
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