March 7, 2017 / 8:10 AM / 5 months ago

BRIEF-Ericsson says Francisco Partners to invest $200 mln in iconectiv

1 Min Read

March 7 (Reuters) - Ericsson

* Francisco partners to invest in Ericsson's iconectiv business

* Says private equity firm Francisco Partners will invest $200 million to acquire a 16.7 pct ownership at an implied total valuation of iconectiv of approximately $1.20 billion

* Says $200 million will be transferred to Ericsson as a dividend, which Ericsson expects to receive in Q3 2017

* Says transaction has no material impact on Ericsson group income Source text for Eikon: Further company coverage: (Stockholm Newsroom)

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