STOCKHOLM (Reuters) – Swedish telecom equipment group Ericsson said on Friday it had agreed a multi-year global patent license agreement with Apple.
“The settlement ends all ongoing patent-related legal disputes between the parties,” Ericsson said in a statement.
“Including effects of the settlement, and including ongoing IPR business with all other licensees, Ericsson estimates fourth-quarter 2022 IPR licensing revenues will be 5.5 billion-5.0 billion crowns $530.3-$578.5 million).”
The deal includes global cross-license for patented cellular standard-essential technologies and grants certain other patent rights, Ericsson said.
($1 = 10.3720 Swedish crowns)
(Reporting by Anna Ringstrom, editing by Terje Solsvik)
