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Ericsson and Apple sign patent license agreement, settle litigation

  • Ericsson (NASDAQ:ERIC) has signed a patent license agreement with Apple (NASDAQ:AAPL) that covers patents relating to both firms' standard-essentials (including GSM, UMTS and LTE cellular) and grants certain other patent rights.
  • 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-14B Swedish crowns ($1.52B-$1.64B) this year, up from 9.9B in 2014.
  • The agreement also includes releases that resolve all pending patent-infringement litigation between the companies.
  • ERIC +7.8%; AAPL +1.5% premarket

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