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TechRadar
TechRadar
Craig Hale

Ericsson sells US call-routing business iconectiv for $1bn

Ericsson United States
Ericsson.

Ericsson has agreed to sell its US-based subsidiary iconectiv to Koch Equity Development LLC for approximately 10.6 billion Swedish kronor ($1 billion).

The deal is expected to provide Ericsson with a one-off earnings before interest and taxes benefit of around 8.8 billion kronor ($800 million) upon completion.

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