Following Patent Deal, Every Time Apple Sells An iPhone, Ericsson Gets A Bit …

23 Dec 2015 | Author: | No comments yet »

Apple Signs Peace Deal With Ericsson.

Swedish telecom equipment maker Ericsson on Monday said it has signed a patent license agreement with Apple Inc but did not specify how much it would earn from the deal. Ericsson estimated however that its overall revenues from intellectual property rights in 2015 would hit 13-14 billion Swedish crowns ($1.52-$1.64-billion), including positive effects from the settlement with Apple, up from 9.9 billion in 2014. Last January, Ericsson filed a complaint against Apple over mobile technology license payments, responding to a lawsuit from the iPhone maker earlier that month. Investment bank ABG Sundal Collier said in a note to clients it believed the deal meant Apple would be charged around 0.5% of its revenue on iPads and iPhones by Ericsson.

Ericsson Chief Intellectual Property Officer Kasim Alfalahi said the agreement was broad, covering the latest 4G-LTE generation of mobile technology, as well as the earlier 2G and 3G technologies. “It means we can continue to work with Apple in areas such as 5G radio network and optimization of the network,” Alfalahi told Reuters, but declined to provide further financial details. According to the Swedish company, Apple has been violating 41 patents over the past few years with its iPhone and iPad, in particular patents related to GSM, UMTS and LTE technologies. Finally, the two companies are staying in good terms as they are going to collaborate on 5G technologies, video networks traffic management and network optimization — keep your friends close and your enemies closer.

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