STOCKHOLM Ericsson has reached a global patent licence agreement with Apple on Friday, ending a row over royalty payments for the use of 5 G wireless patents in iPhones.
The Swedish telecoms equipment maker said the multi-year deal included global cross-licences for patented cellular standard-essential technologies, and granted certain other patent rights.
The settlement ends all ongoing patent-related legal disputes between the parties, it said in a statement.
Ericsson filed a second set of patent infringement lawsuits against the U.S. maker of iPhones in January.
Both companies had already sued each other in the United States after negotiations failed over the renewal of a seven-year licensing contract for telecoms patents first struck in 2015.
Ericsson sued Apple in October 2021, claiming that they were trying to cut down royalty rates. In December 2021, the iPhone maker filed a lawsuit accusing the Swedish company of using strong-arm tactics to renew patents.
Ericsson forecast fourth-quarter intellectual property rights licensing revenues of 5.5 billion -- 5.0 billion Swedish crowns $530.3 million --578.5 million including the effects of the settlement, as well as ongoing IPR business with all other licensees.