“Swedish telecoms firm Ericsson AB has inked a seven-year deal with Apple that brings an end to outstanding mutual patent litigations between the two and paves the way for their joint-development of the next generation of super-fast phones,” Matti Huuhtanen reports for The Associated Press. “Ericsson, the world’s largest wireless equipment maker, did not reveal terms of the deal Monday but said it includes a cross-license that covers patents owned by both companies, including the GSM, UMTS and LTE standards used in mobile technology.”
“Though the monetary sums involved were not disclosed, investors liked what they were hearing and Ericsson’s share price ended 3 percent higher at 80.95 kronor in Stockholm,” Huuhtanen reports. “Ericsson said its deal with Apple means cooperating on the development of fifth generation, or 5G, as well as on video and wireless networks.”
Huuhtanen reports, “Although it gave no precise amounts, Ericsson said it expects revenues this year of some $1.4 billion this year, which includes ‘the positive effects’ of the settlement and income from other licensees.”
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MacDailyNews Take: Now that the renumeration has been addressed, let cooperation reign!
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