Business
Ericsson completes sale of iconectiv
Further to the announcement on August 16, 2024, Ericsson (NASDAQ: ERIC) today announces it has completed the sale of iconectiv to Koch Equity Development LLC.
About this update from Telefonaktiebolaget Lm Ericsson Class A
[{"type":"text","content":"STOCKHOLM, Aug. 22, 2025 /PRNewswire/ -- Further to the announcement on August 16, 2024, Ericsson (NASDAQ: ERIC) today announces it has completed the sale of iconectiv to Koch Equity Development LLC.","length":204,"tagName":"p"},{"type":"text","content":"Ericsson's cash benefit from the Transaction, after the settlement of anticipated taxes, transaction expenses, and other liabilities, is expected to be approximately SEK 9.9 billion [1] (USD 1.0 billion).","length":208,"tagName":"p"},{"type":"text","content":"Ericsson will record a one-off EBIT benefit of approximately SEK 7.6 billion [1] (USD 0.8 billion) in its Q3 2025 financial results.","length":132,"tagName":"p"},{"type":"text","content":"iconectiv is consolidated by Ericsson and reported within Segment Enterprise. iconectiv's contribution [2] to Ericsson's 2024 net income was approximately SEK 1.0 billion (USD 0.1 billion).","length":197,"tagName":"p"},{"type":"text","content":"iconectiv serves over 5,000 customers across various sectors as a leading provider in number portability solutions, and a provider of core network and operations management, numbering and data exchange services.","length":211,"tagName":"p"},{"type":"text","content":"[1] Assuming a USD - SEK exchange rate of 9.76 and including a Q2 2025 partial loan repayment of SEK 0.8 billion (USD 0.1 billion).","length":131,"tagName":"p"},{"type":"text","content":"[2] Contribution to net income including minority interests and shareholder loan impacts. Ericsson's shareholder loan to iconectiv was SEK 4.6 billion at year end 2024.","length":172,"tagName":"p"},{"type":"text","content":"Ericsson announces sale of iconectiv","length":36,"tagName":"p"},{"type":"text","content":"Forward-looking statements","length":26,"tagName":"p"},{"type":"text","content":"This release includes forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The words "believe," "expect," "foresee," "anticipate," "assume," "intend," "likely," "projects," "may," "could," "plan," "estimate," "forecast," "will," "should," "would," "predict," "aim," "ambition," "seek," &q...