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Ericsson awarded reduced market share by China Mobile
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Ericsson awarded reduced market share by China Mobile
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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.
ABOUT ERICSSON Ericsson enables communications service providers to capture the full value of connectivity. The company s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com This release includes forward-looking statements, including statements reflecting management s current views relating to the growth of the market, future market conditions, future events, financial condition, and expected operational and financial performance, including, in particular the following:
Ericsson reports first quarter results 2021
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First quarter highlights
Sales adjusted for comparable units and currency grew by 10% YoY despite SEK -1.6 b. lower IPR licensing revenues YoY and four of the five market areas showed double-digit growth. Reported sales were SEK 49.8 (49.8) b.
Gross margin excluding restructuring charges improved to 42.9% (40.4%) with margin improvements in all segments despite lower IPR licensing revenues. Reported gross margin improved to 42.8% (39.8%).
EBIT excluding restructuring charges improved to SEK 5.3 b. (10.7%) from SEK 4.6 b. (9.3%) YoY driven by Networks, more than offsetting the negative impact from lower IPR licensing revenues. Reported EBIT was SEK 5.3 (4.3) b.
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