Ericsson and ZTE resolve patent license issues
(Thomson Reuters ONE) -
* Ericsson and ZTE resolve patent license issues
* Both parties drop all lawsuits
* ZTE signs royalty-bearing license agreement to certain Ericsson patents
In April 2011 Ericsson (NASDAQ:ERIC) filed lawsuits in Germany, UK and Italy
against ZTE for infringing on several Ericsson patents related to GSM and
3G/UMTS cellular technology
The parties have now signed a global cross-licensing agreement and both parties
have also agreed to drop all litigation.
"Ericsson has the strongest patent portfolio in the industry with over 27,000
patents and any company which sells mobile devices or systems needs a license
from Ericsson. We have signed more than 90 patent agreements with different
vendors worldwide. Now we can add ZTE to this group," says Kasim Alfalahi, Chief
Intellectual Property Officer at Ericsson.
ZTE signs a royalty bearing cross-licensing agreement that complies with Fair,
Reasonable and Non- Discriminatory (FRAND) royalty compensation for access to
part of Ericsson's patent portfolio.
Notes to editors:
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Ericsson is the world's leading provider of technology and services to telecom
operators. Ericsson is the leader in 2G, 3G and 4G mobile technologies, and
provides support for networks with over 2 billion subscribers and has the
leading position in managed services. The company's portfolio comprises mobile
and fixed network infrastructure, telecom services, software, broadband and
multimedia solutions for operators, enterprises and the media industry. The Sony
Ericsson and ST-Ericsson joint ventures provide consumers with feature-rich
personal mobile devices.
Ericsson is advancing its vision of being the "prime driver in an all-
communicating world" through innovation, technology, and sustainable business
solutions. Working in 180 countries, more than 90,000 employees generated
revenue of SEK 203.3 billion (USD 28.2 billion) in 2010. Founded in 1876 with
the headquarters in Stockholm, Sweden, Ericsson is listed on NASDAQ OMX,
Stockholm and NASDAQ New York.
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FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail:media.relations(at)ericsson.com
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail:investor.relations(at)ericsson.com
Press release PDF:
http://hugin.info/1061/R/1579022/492680.pdf
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Source: Ericsson via Thomson Reuters ONE
[HUG#1579022]
Unternehmensinformation / Kurzprofil:
Datum: 20.01.2012 - 13:40 Uhr
Sprache: Deutsch
News-ID 106256
Anzahl Zeichen: 3483
contact information:
Town:
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Kategorie:
Business News
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