STOCKHOLM (Reuters) -Ericsson said on Friday it had struck a global patent licence agreement with Apple, ending a row over royalty payments for the use of 5G wireless patents in iPhones.
The Swedish telecoms equipment maker said the multi-year deal included global cross-licences for patented cellular standard-essential technologies, and granted certain other patent rights.
“The settlement ends all ongoing patent-related legal disputes between the parties,” it said in a statement.
The deal comes after Ericsson in January filed a second set of patent infringement lawsuits against the U.S. maker of iPhones.
Both companies had already sued each other in the United States as negotiations failed over the renewal of a seven-year licensing contract for telecoms patents first struck in 2015.
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Ericsson sued first in October 2021, claiming that Apple was trying to improperly cut down the royalty rates. The iPhone maker then filed a lawsuit in December 2021, accusing the Swedish company of using “strong-arm tactics” to renew patents.
Ericsson on Friday forecast fourth-quarter intellectual property rights (IPR) licensing revenues of 5.5 billion-5.0 billion Swedish crowns ($530.3 million-$578.5 million) including the effects of the settlement, and including ongoing IPR business with all other licensees.
($1 = 10.3720 Swedish crowns)
(Reporting by Anna Ringstrom, Editing by Terje Solsvik and Mark Potter)
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