Ericsson completes sale of iconectiv
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.
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).
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.
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).
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.
[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).
[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.
Ericsson announces sale of iconectiv
Forward-looking statements
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SOURCE Ericsson