Ericsson announces sale of iconectiv
Ericsson (NASDAQ: ERIC) has announced the sale of its US subsidiary iconectiv to Koch Equity Development The transaction is expected to generate a cash benefit of approximately SEK 10.6 billion (USD 1.0 billion) for Ericsson after taxes and expenses. The company anticipates recording a one-off EBIT benefit of about SEK 8.8 billion (USD 0.8 billion) upon closing. iconectiv, acquired by Ericsson in 2012, is a leading provider of network number portability solutions and data exchange services. The sale is subject to regulatory approvals and is targeted for completion in the first half of 2025. In 2023, iconectiv contributed approximately SEK 1.0 billion (USD 0.1 billion) to Ericsson's net income.
Ericsson (NASDAQ: ERIC) ha annunciato la vendita della sua filiale statunitense iconectiv a Koch Equity Development. Si prevede che la transazione genererà un vantaggio di cassa di circa 10,6 miliardi di SEK (1,0 miliardi di USD) per Ericsson dopo tasse e spese. L'azienda prevede di registrare un vantaggio EBIT una tantum di circa 8,8 miliardi di SEK (0,8 miliardi di USD) al momento della chiusura. iconectiv, acquisita da Ericsson nel 2012, è un fornitore leader di soluzioni per la portabilità dei numeri di rete e servizi di scambio dati. La vendita è soggetta all'approvazione delle autorità e dovrebbe essere completata nella prima metà del 2025. Nel 2023, iconectiv ha contribuito per circa 1,0 miliardi di SEK (0,1 miliardi di USD) al reddito netto di Ericsson.
Ericsson (NASDAQ: ERIC) ha anunciado la venta de su filial estadounidense iconectiv a Koch Equity Development. Se espera que la transacción genere un beneficio en efectivo de aproximadamente 10,6 mil millones de SEK (1,0 mil millones de USD) para Ericsson después de impuestos y gastos. La compañía anticipa registrar un beneficio EBIT único de alrededor de 8,8 mil millones de SEK (0,8 mil millones de USD) al cierre. iconectiv, adquirida por Ericsson en 2012, es un proveedor líder de soluciones de portabilidad de números en redes y servicios de intercambio de datos. La venta está sujeta a aprobaciones regulatorias y se espera que se complete en la primera mitad de 2025. En 2023, iconectiv contribuyó con aproximadamente 1,0 mil millones de SEK (0,1 mil millones de USD) a los ingresos netos de Ericsson.
에릭슨(NASDAQ: ERIC)이 미국 자회사인 아이코넥티브(iconectiv)를 코흐 에쿼티 개발(Koch Equity Development)에 매각한다고 발표했습니다. 이 거래로 에릭슨은 세금과 비용을 뺀 약 106억 스웨덴 크로나(10억 달러)의 현금 이익을 기대하고 있습니다. 회사는 거래 완료 시 약 88억 스웨덴 크로나(8억 달러)의 일회성 EBIT 혜택을 기록할 것으로 예상하고 있습니다. 아이코넥티브는 2012년에 에릭슨이 인수한 기업으로, 네트워크 번호 포터블 솔루션 및 데이터 교환 서비스의 선도적인 제공업체입니다. 이 매각은 규제 승인에 따라 달라지며 2025년 상반기 중 완료될 계획입니다. 2023년 동안 아이코넥티브는 에릭슨의 순익에 약 10억 스웨덴 크로나(1억 달러)를 기여했습니다.
Ericsson (NASDAQ: ERIC) a annoncé la vente de sa filiale américaine iconectiv à Koch Equity Development. La transaction devrait générer un avantage en espèces d'environ 10,6 milliards de SEK (1 milliard de USD) pour Ericsson après impôts et dépenses. L'entreprise prévoit d'enregistrer un avantage EBIT unique d'environ 8,8 milliards de SEK (800 millions de USD) lors de la clôture. iconectiv, acquis par Ericsson en 2012, est un fournisseur de premier plan de solutions de portabilité des numéros de réseau et de services d'échange de données. La vente est soumise à des approbations réglementaires et devrait être finalisée au cours de la première moitié de 2025. En 2023, iconectiv a contribué à hauteur d'environ 1 milliard de SEK (100 millions de USD) au revenu net d'Ericsson.
Ericsson (NASDAQ: ERIC) hat den Verkauf seiner US-Tochtergesellschaft iconectiv an Koch Equity Development angekündigt. Die Transaktion wird voraussichtlich einen Cash-Benefit von etwa 10,6 Milliarden SEK (1,0 Milliarden USD) für Ericsson nach Steuern und Kosten generieren. Das Unternehmen rechnet damit, beim Abschluss einen einmaligen EBIT-Vorteil von etwa 8,8 Milliarden SEK (0,8 Milliarden USD) zu verbuchen. iconectiv, 2012 von Ericsson übernommen, ist ein führender Anbieter von Lösungen zur Nummernportabilität im Netzwerk sowie von Datenaustauschdiensten. Der Verkauf unterliegt regulatorischen Genehmigungen und soll in der ersten Hälfte von 2025 abgeschlossen werden. Im Jahr 2023 trug iconectiv etwa 1,0 Milliarden SEK (0,1 Milliarden USD) zum Nettogewinn von Ericsson bei.
- Expected cash benefit of SEK 10.6 billion (USD 1.0 billion) from the sale
- Anticipated one-off EBIT benefit of SEK 8.8 billion (USD 0.8 billion)
- Divestment allows iconectiv to continue growth under new ownership
- Loss of iconectiv's SEK 1.0 billion (USD 0.1 billion) contribution to annual net income
- Reduction in Ericsson's portfolio diversity and market presence in number portability solutions
Ericsson's divestment of iconectiv is a strategic move with significant financial implications. The
The expected one-off EBIT benefit of
The sale of iconectiv highlights Ericsson's strategic shift away from non-core assets. While iconectiv provides critical services in number portability and data exchange, its synergies with Ericsson's main portfolio suggest this divestment could enhance operational focus. The telecom industry is rapidly evolving with 5G rollouts and emerging technologies; this move may allow Ericsson to reallocate resources to more strategically aligned areas.
Koch Equity Development's acquisition of iconectiv is intriguing. Their involvement could potentially accelerate iconectiv's growth in sectors beyond traditional telecom, possibly into areas like IoT or smart city infrastructure. This transaction underscores the ongoing consolidation and specialization trends in the tech industry, as companies refine their portfolios to remain competitive in a fast-changing landscape.
- 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
Ericsson's cash benefit from the Transaction, after the settlement of anticipated taxes, transaction expenses, and other liabilities, is expected to be approximately
Ericsson expects to record a one-off EBIT benefit of approximately
The Transaction is subject to customary closing conditions, including regulatory approvals, with completion targeted during the first half of calendar 2025.
iconectiv is consolidated by Ericsson and reported within Segment Enterprise. iconectiv's contribution [2] to Ericsson 2023 net income was approximately
iconectiv is a US subsidiary of Ericsson acquired in 2012 as part of the Telcordia acquisition. Since 2017, iconectiv has been co-owned with private equity firm Francisco Partners. 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 as its main segments, and with limited strategic synergies with the rest of Ericsson's portfolio.
[1] Assuming a USD - SEK exchange rate of 10.56. Realized exchange rate to be determined on closing.
[2] Contribution to net income including minority interests and shareholder loan impacts. Ericsson's shareholder loan to iconectiv was
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