Ericsson Announces Sale Of Iconectiv; Expects To Record One-Off EBIT Benefit Of $800M On Closing Of Transaction; Cash Benefit From Deal, After Settlement Is Expected To Be ~SEK 10.6 BIllion
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Ericsson has announced the sale of its subsidiary Iconectiv, expecting to record a one-off EBIT benefit of $800 million upon closing the transaction. The cash benefit from the deal, after settlement, is anticipated to be approximately SEK 10.6 billion.
August 16, 2024 | 8:34 pm
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Ericsson has announced the sale of Iconectiv, which is expected to result in a one-off EBIT benefit of $800 million and a cash benefit of approximately SEK 10.6 billion after settlement.
The sale of Iconectiv will provide Ericsson with a significant one-off EBIT benefit and a substantial cash inflow, which is likely to positively impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100