Ericsson poised to sell Iconectiv (formerly Telcordia) Ericsson’s largest shareholder, Cevian Capital, has told the Swedish firm that it should sell its 83.3% stake in US-based Iconectiv, formerly Telcordia. Cevian is backed by activist investor Carl Icahn, and last week reduced its stake from 8.4% to 7.4%. For the past two years Iconectiv has been the local number portability (LNP) administrator for the USA, and it provides routing and billing services in other parts of the world. Ericsson is reported to have started the sales process, talking to private equity companies. It acquired Telcordia from Providence Equity Partners and Warburg Pincus for $1.15bn in January 2012. According to Bloomberg, Iconectiv could now be worth $1.5bn to $2bn. Ubicquia acquires streetlight…