Ericsson issued a new statement recently on its official website on the grounds that Ericsson has reached a multi-year global patent license agreement with Samsung, which includes all patents related to cellular technology. In addition, the cross-licensing agreement covers network infrastructure and mobile phone sales starting on January 1, 2021.
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Ericsson revealed that the two original equipment manufacturers have signed a number of technical cooperation project agreements, which will promote the development of open standardization in the mobile industry and create valuable solutions for consumers and enterprises.
Christina Petersson, Chief Intellectual Property Officer at Ericsson said:
“We are delighted to sign a mutually beneficial agreement with Samsung. This important deal confirms the value of our patent portfolio and further illustrates Ericsson’s commitment to FRAND principles.”
As a result, the settlement ended the two companies’ investigation requests to the United States International Trade Commission (USITC), ended litigation in multiple countries/regions, and confirmed the value of the two companies’ strong patent portfolios. However, the details of the agreement are confidential and will not be disclosed.
(Source)
