• Iconectiv, a subsidiary of Ericsson based in the United States and acquired in 2012, specializes in network number portability solutions and data exchange services.
  • The divestiture will enable Iconectiv to maintain its growth trajectory under the new ownership of Koch Equity Development LLC.


Ericsson has announced the establishment of a binding agreement with Koch Equity Development LLC concerning the sale of iconectiv (referred to as the “Transaction”).

Following the settlement of expected taxes, transaction costs, and other obligations, Ericsson anticipates a cash benefit from the Transaction of approximately SEK 10.6 billion (USD 1.0 billion).

Upon the completion of the Transaction, Ericsson expects to recognize a one-time EBIT benefit of around SEK 8.8 billion (USD 0.8 billion).

The Transaction is contingent upon standard closing conditions, including regulatory approvals, with a completion target set for the first half of calendar year 2025.

Iconectiv is currently consolidated within Ericsson and is reported under the Enterprise Segment. In 2023, iconectiv contributed approximately SEK 1.0 billion (USD 0.1 billion) to Ericsson's net income.

Acquired in 2012 as part of the Telcordia acquisition, iconectiv is a US subsidiary of Ericsson that has been co-owned with private equity firm Francisco Partners since 2017.

Iconectiv provides services to over 5,000 customers across various industries, specializing in number portability solutions, core network and operations management, as well as numbering and data exchange services, while exhibiting limited strategic synergies with Ericsson’s broader portfolio.