Ericsson Completes Sale of Iconectiv to Koch Equity

Ericsson said Friday it completed the sale of U.S.-based subsidiary iconectiv to Koch Equity Development for $1 billion. The deal was announced a year ago (see 2408190017). Iconectiv serves more than 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,” Ericsson said. The company picked up iconectiv in 2012 when it bought Telcordia.