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RNS Number : 2637J Telefonaktiebolaget Lm Ericsson 09 December 2022
Ericsson and Apple sign global patent license agreement
· Agreement includes global cross-license for patented cellular
standard-essential technologies and grants certain other patent rights.
· Settlement ends all ongoing patent-related legal disputes between the
parties.
· Including effects of the settlement, and including ongoing IPR
business with all other licensees, Ericsson estimates fourth quarter 2022 IPR
licensing revenues will be SEK 5.5 - 6.0 b.
Ericsson (NASDAQ: ERIC) and Apple have reached a multi-year, global patent
license agreement between the two companies. The agreement includes a
cross-license relating to patented cellular standard-essential technologies
and grants certain other patent rights.
Furthermore, Ericsson and Apple have mutually agreed to strengthen their
technology and business collaboration, including in technology,
interoperability and standards development.
This settlement ends the lawsuits filed by both companies in several
countries, including in the United States District Court of the Eastern
District of Texas, as well as the complaints filed before the United States
International Trade Commission (USITC).
Ericsson's IPR licensing revenues continue to be affected by several factors,
including expired patent license agreements pending renewal, the technology
shift from 4G to 5G, and possible currency effects and geopolitical impact
going forward. Including effects of the agreement with Apple covering sales
from January 15, 2022, and including ongoing IPR business with all other
licensees, Ericsson estimates the fourth quarter 2022 IPR licensing revenues
will be SEK 5.5 - 6.0 b.
Christina Petersson, Chief Intellectual Property Officer at Ericsson says: "We
are pleased to settle the litigations with Apple with this agreement, which is
of strategic importance to our 5G licensing program. This will allow both
companies to continue to focus on bringing the best technology to the global
market."
Over several decades, Ericsson has been a leading contributor to 3GPP and to
the development of global mobile standards for the benefit of consumers and
enterprises everywhere. The value of Ericsson's patent portfolio of more than
60,000 granted patents is strengthened by our leading position as 5G vendor,
and annual investments of more than USD 4 b in R&D. The company is
confident of growing its IPR revenues with new 5G agreements and by expanding
into other licensing areas long term.
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ABOUT ERICSSON:
Ericsson enables communications service providers and enterprises to capture
the full value of connectivity. The company's portfolio spans the following
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efficiency and find new revenue streams. Ericsson's innovation investments
have delivered the benefits of mobility and mobile broadband to billions of
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reflecting management's current views relating to the growth of the market,
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agreement with Apple in the fourth quarter 2022
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