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Ericsson settles patent dispute with Samsung

Ericsson settles patent dispute with Samsung FILE PHOTO: Ericsson logo is seen at its headquarters in Stockholm, Sweden June 14, 2018. REUTERS/Olof Swahnberg May 7, 2021 By Supantha Mukherjee STOCKHOLM (Reuters) – Ericsson has reached a “multi-year” agreement on global patent licences with Samsung, the Swedish telecom equipment maker said on Friday, ending a dispute that hit its first-quarter revenue. Ericsson said it had not disclosed how many years the deal, which includes patents for all cellular technologies, would last. It said it now expects second-quarter patent licensing revenue to be 2 billion crowns ($237 million) to 2.5 billion crowns. The settlement, which ends ongoing lawsuits in several countries, was done in record time as patent disputes between technology companies can often take years to settle.

Ericsson settles patent dispute with Samsung

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Nokia Q1 beats expectations on higher 5G gear demand

Nokia Q1 beats expectations on higher 5G gear demand Reuters 3 hrs ago © Reuters/LEHTIKUVA Nokia to cut up to 10 000 jobs by 2023 STOCKHOLM (Reuters) - Finnish telecom network equipment maker Nokia on Thursday reported better-than-expected first-quarter revenue and profit, helped by a growth in sales of 5G equipment. Quarterly revenue rose 3% to 5.08 billion euros ($6.16 billion), beating a consensus figure of 4.72 billion, Refinitiv data showed. We expect our typical quarterly earnings seasonality to be less pronounced in 2021, Chief Executive Pekka Lundmark said in a statement, adding that sales growth was strong across its network infrastructure business. After taking over the top job last year, Lundmark has streamlined the company s operation, cut jobs, and made changes to recover from product missteps under the company s previous management that hurt its 5G ambitions and weighed on its shares.

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