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Ericsson hikes stake in LG-Ericsson to 75pc

Telecom equipment company Ericsson last week said it has acquired additional shares in LG-Ericsson taking its holding to 75 percent.

"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 LG-Ericsson," Ericsson said in a statement.