With some 33,000 granted patents, Ericsson is the largest holder of standard-essential patents for mobile communication. Our unrivalled patent portfolio covers 2G, 3G and 4G technologies, and we are a net receiver of licensing royalties with more than 100 patent-licensing agreements in place.
In the ICT and telecom industries, global standards lead to greater connectivity by standardizing technology and ensuring interoperability between networks, devices and operators. Ericsson complies with, and endorses, terms that are fair, reasonable and non-discriminatory (FRAND) for its patent licensing programs that make standard-essential patents widely available.
With our hands-on experience of telecommunications patents, coupled with more than a century of industry expertise, we offer guidance on how patent licensing works within the industry, and what rates are reasonable for patent licensing. This makes Ericsson the partner of choice for new entrants to the market, as well as established companies, seeking to license technology at fair and commercially viable rates.
Additionally, we have a number of cross-licensing agreements with major equipment manufacturers. These agreements also benefit customers that buy Ericsson equipment as they safeguard them from potential legal action concerning patent infringement.
And our leading position on patents continues with the next generation of mobile communication standards. Ericsson holds, for example, some 25 percent of standard-essential patents for LTE, making us the largest single holder of essential patents for this technology.
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