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Ericsson To Buy Stake In LG-Nortel Venture For $242M

By Liz McKenzie ( April 21, 2010, 1:10 PM EDT) -- Swedish telecommunications giant Telefonaktiebolaget LM Ericsson is set to acquire Nortel Networks Ltd. 's majority stake in LG-Nortel — a joint venture between LG Electronics Inc. and Nortel — for $242 million, a move it says will help expand its business capabilities in the Korean market. . . .

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