Ericsson (NASDAQ:ERIC) today announced it has renewed its worldwide patent cross license agreement with Samsung.
Under the terms of the worldwide royalty bearing agreement, Ericsson has granted Samsung a non-exclusive license under Ericsson's patent portfolio for the 2G and 3G mobile telephony standards, to develop, manufacture and sell 2G and 3G subscriber and infrastructure equipment. In return, Samsung provides a royalty payment and a reciprocal license under Samsung's valuable patent portfolio to Ericsson.
The parties have further agreed to dismiss all pending patent infringement lawsuits between the parties.
Notes to editors:
Ericsson and Samsung enter a license agreement on mobile technology
Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.
Read more at http://www.ericsson.com
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