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General

Francisco Partners buys 16.7% stake in Ericsson's iconectiv

Tuesday 7 March 2017 | 11:05 CET | News
Francisco Partners, a technology investment firm, acquired a 16.7 percent stake for USD 200 million in Ericsson's US-based business iconectiv. The USD 200 million will be transferred to Ericsson as a dividend, which Ericsson expects to receive in Q3. The transaction has no material impact on Ericsson group income. The investment is subject to regulatory approval and is expected to close in the third quarter.

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Categories: General
Companies: Ericsson / Telcordia
Countries: United States
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