Telecom infrastructure firm Ericsson has entered a worldwide patent cross-licensing agreement with Apple, ending all infringement claims between the two companies.
Ericsson didn’t say how much it would earn from the new deal spanning seven years. Apple will make an initial lump-sum payment to Ericsson and pay on-going royalties thereafter.
Ericsson estimates that its revenues from intellectual property rights in 2015 would rake in roughly $1.5 billion in 2015, including licensing fees from Apple.
In addition, the two companies will collaborate on developing 5G video network traffic management, and wireless network optimization technologies.
The two companies have been embroiled in legal battles for a while now over their intellectual property. In February, Ericsson sued Apple for infringing 41 iPhone-related patents concerning LTE technology as well as iOS. It sued Apple again in May in Germany, the UK and the Netherlands over patent licenses.
TheNextWeb
