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Ericsson completes sale of iconectiv
Prnewswire· 2025-08-22 15:35
Core Viewpoint - Ericsson has completed the sale of iconectiv to Koch Equity Development LLC, resulting in a cash benefit of approximately SEK 9.9 billion (USD 1.0 billion) after settling taxes and other liabilities [1][2]. Financial Impact - The transaction will provide Ericsson with a one-off EBIT benefit of approximately SEK 7.6 billion (USD 0.8 billion) in its Q3 2025 financial results [2]. - Iconectiv contributed approximately SEK 1.0 billion (USD 0.1 billion) to Ericsson's net income in 2024 [2][3]. Business Overview - Iconectiv serves over 5,000 customers across various sectors, specializing in number portability solutions, core network and operations management, and data exchange services [3].
Invitation to media and analyst briefing for Ericsson Q2 2025 report
Prnewswire· 2025-07-01 06:19
Group 1 - Ericsson's financial report for Q2 2025 will be published at approximately 7:00 AM CEST on July 15, 2025 [1] - A live video webcast will be held at 9:00 AM CEST for comments and questions regarding the report, featuring President and CEO Börje Ekholm and CFO Lars Sandström [1][4] - The financial report will be available on Ericsson's website after the press release [1] Group 2 - The webcast will be accessible on-demand after the event on Ericsson's website [2] - Ericsson has been a pioneer in communication technology for nearly 150 years, providing mobile communication and connectivity solutions [3]
Ericsson resolves on an acquisition offer for C shares for the Long-Term Variable Compensation Programs LTV 2025 and LTV 2024
Prnewswire· 2025-05-05 08:38
Core Viewpoint - Ericsson is expanding its treasury stock to provide shares for its Long-Term Variable Compensation Programs LTV 2025 and LTV 2024 for its executive team and other executives [1] Group 1: Acquisition Offer - The Board of Directors of Ericsson has resolved to make an acquisition offer to all holders of C shares, which will be conducted from May 5 to May 19, 2025, at approximately SEK 5 per share [2] - This acquisition is part of the financing for the Long-Term Variable Compensation Programs LTV 2025 and LTV 2024, involving all 23.1 million C shares that were resolved to be issued to Skandinaviska Enskilda Banken AB (SEB) [3] Group 2: Share Conversion - Once the acquisition of the 23.1 million C shares is completed, the Board intends to convert them into B shares, resulting in a total of 3,371,351,735 shares in Ericsson, including 261,755,983 A shares and 3,109,595,752 B shares [4]