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Swedish telecommunication giant Ericsson has agreed to sell network services provider iconectiv to Koch Equity Development LLC, the company said on Friday. Ericsson’s cash benefit from the transaction, after the settlement of anticipated taxes, transaction expenses and other liabilities, is expected to be about 10.6 billion Swedish kronor ($1 billion), it said. Ericsson expects to record a one-off earnings before interest and taxes (EBIT) benefit of around 8.8 billion kronor, or about $0.8 billion, on closing of the transaction. The deal is subject to customary closing conditions, including re…

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