Ericsson and Apple end patent-related legal disputes with patent license deal - Reuters.com

STOCKHOLM, Dec 9 (Reuters) - Swedish telecom instrumentality radical Ericsson (ERICb.ST) said connected Friday it had agreed a multi-year planetary patent licence statement with Apple (AAPL.O).

"The colony ends each ongoing patent-related ineligible disputes betwixt the parties," Ericsson said successful a statement.

"Including effects of the settlement, and including ongoing IPR concern with each different licensees, Ericsson estimates fourth-quarter 2022 IPR licensing revenues volition beryllium 5.5 billion-5.0 cardinal crowns $530.3-$578.5 million)."

The woody includes planetary cross-license for patented cellular standard-essential technologies and grants definite different patent rights, Ericsson said.

($1 = 10.3720 Swedish crowns)

Reporting by Anna Ringstrom, editing by Terje Solsvik

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