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Ericsson completes sale of iconectiv
Prnewswire· 2025-08-22 15:35
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 ...