Ericsson and Huawei renew global patent license agreement
- Renewal of cross-licensing agreement strengthens Ericsson's patent portfolio
- Estimates full-year 2023 IPR licensing revenues to be approximately SEK 11 billion
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"We are pleased to announce our renewal of our global cross-licensing agreement with Huawei," said Christina Petersson, Chief Intellectual Property Officer at Ericsson. "Both companies are major contributors to mobile communication standards and recognize the value of each other's intellectual property. This agreement demonstrates the commitment of both parties that intellectual property should be respected and rewarded, and that leading technological innovations should be shared across the industry. A balanced approach to licensing ensures that the interests of both patent holders and implementers are served fairly, driving healthy, sustainable industry development for the benefit of consumers and enterprises everywhere."
With the current portfolio of IPR licensing contracts, Ericsson estimates the full-year 2023 IPR licensing revenues to be approximately
Over several decades, Ericsson has been a leading contributor to 3GPP and to the development of global mobile standards. The value of Ericsson's patent portfolio of more than 60,000 granted patents is strengthened by our leading position as 5G vendor, and annual investments of more than
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SOURCE Ericsson