Ericsson has signed a patent license agreement with Apple that covers patents relating to both firms' standard-essentials (including GSM, UMTS and LTE cellular) and grants certain other patent rights, reports Seeking Alpha.
While it didn't specify how much it would earn from the deal, Ericsson estimated that its overall revenues from intellectual property rights would hit 13B-14 billion Swedish crowns (about $1.52 billion to $1.64 billion) this year, up from 9.9 billion in 2014. the article adds. The agreement also includes releases that resolve all pending patent-infringement litigation between the companies.
Ericsson sued Apple early this year, claiming patent infringement after the Cupertino, California-based company refused Ericsson's licensing terms. Apple had been paying royalties to Ericsson, until its license agreement expired in January 2015.
Attempts at re-negotiation failed, triggering the patent infringement lawsuit. Ericsson claimed Apple violated its patents regarding some of the fundamental ways mobile devices communicate and for related technology such as user interfaces, battery saving and the operating system.