Ericsson announces sale of iconectiv

Iconectiv is a us subsidiary of ericsson acquired in 2012, and a provider of network number portability solutions and data exchange services the divestment will allow iconectiv to continue its growth trajectory under the new ownership of koch equity development llc stockholm , aug. 16, 2024 /prnewswire/ -- ericsson (nasdaq: eric) announces that it has entered into a binding agreement with koch equity development llc in relation to the sale of iconectiv (the "transaction"). ericsson's cash benefit from the transaction, after the settlement of anticipated taxes, transaction expenses, and other liabilities, is expected to be approximately sek 10.6 billion [1] (usd 1.0 billion).
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