Ericsson and Samsung sign global patent license agreement
Agreement includes global patent cross license of cellular technologies, including 5G
Settlement ends all ongoing patent related legal disputes between the parties
In the second quarter 2021, IPR licensing revenues are expected to be SEK 2.0 b. to 2.5 b.
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STOCKHOLM, May 7, 2021 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) and Samsung have reached a multi-year agreement on global patent licenses between the two companies, including patents relating to all cellular technologies. The cross-license agreement covers sales of network infrastructure and handsets from January 1, 2021.
Furthermore, Ericsson and Samsung have agreed on technology cooperation projects to advance the mobile industry in open standardization and create valuable solutions for consumers and enterprises.