Ericsson Seeks Bids for $2 Billion Sale of Iconectiv

Ericsson AB, the communications equipment supplier, has started a sale process for Iconectiv, its U.S. call routing unit, people familiar with the matter said.

The telecom infrastructure company is working with an adviser on the potential divestment, the people said, asking not to be identified because the information is private. Bidders include several private equity firms, the people said. The unit could fetch about $1.5 billion to $2 billion, one of them said.