Ericsson and Huawei extend global patent cross license agreement
January 14 2016 - 12:30AM
- Renewed cross license agreement (including the
GSM, UMTS and LTE cellular standards)
- On-going royalty payment to Ericsson, 2016 and
onwards, based upon actual sales
- Ericsson's estimate for full year 2015 IPR
revenues of SEK 13-14 b. remains
Ericsson (NASDAQ:ERIC) and Huawei have agreed on
extending their global patent license agreement between the two
companies. The agreement includes a cross license that covers
patents relating to both companies' wireless standard-essential
patents (including the GSM, UMTS and LTE cellular standards). Under
the agreement, both companies are able to access and implement the
other company's standard essential patents and technologies
globally.
As part of the renewed agreement, Huawei will make
on-going royalty payment based upon actual sales to Ericsson from
2016 and onwards. Further details of the agreement are
confidential.
Jianxin Ding, Head of Global Intellectual
Property, Huawei Technologies Co., Ltd., says: "We are pleased to
extend our global cross license agreement with Ericsson. This new
agreement reflects the two leading companies' joint view that
innovation and intellectual property rights shall be protected, and
reasonable compensation for the implementation of intellectual
property rights is vital to promoting technology innovation,
sharing and standardizing technology, driving and accelerating
industry evolution."
Kasim Alfalahi, Chief Intellectual Property
Officer at Ericsson, says: "We are happy to see an extension of the
agreement. The extension shows our commitment to drive innovation
and industry development. In the future, everyone and everything
will be connected through the Networked Society and Internet of
Things. Our role is to drive this transformation, opening up new
ways to innovate, to collaborate, and to empower people, business,
and society".
NOTES TO EDITORS
For media kits, backgrounders and high-resolution
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Ericsson is the driving force
behind the Networked Society - a world leader in communications
technology and services. Our long-term relationships with every
major telecom operator in the world allow people, business and
society to fulfill their potential and create a more sustainable
future.
Our services, software and
infrastructure - especially in mobility, broadband and the
cloud - are enabling the telecom industry and
other sectors to do better business, increase efficiency, improve
the user experience and capture new opportunities.
With approximately 115,000
professionals and customers in 180 countries, we combine global scale with technology and services
leadership. We support networks that connect more than 2.5 billion
subscribers. Forty percent of the world's mobile traffic is carried
over Ericsson networks. And our investments in research and
development ensure that our solutions - and our customers - stay in
front.
Founded in 1876, Ericsson has its
headquarters in Stockholm, Sweden. Net sales in 2014 were SEK 228.0
billion (USD 33.1 billion). Ericsson is listed on NASDAQ OMX stock
exchange in Stockholm and the NASDAQ in New York.
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FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: investor.relations@ericsson.com
Ericsson and Huawei extend global
patent cross license agreement
This
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Source: Ericsson via Globenewswire
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