Apple pays to settle with Ericsson

Apple pays to settle with Ericsson

Business news |
By eeNews Europe

The two companies also plan to collaborate on 5G communications, video network traffic management and wireless network optimization.

The terms of the seven-year deal were not disclosed but Apple is making an initial payment and will pay on-going royalties to Ericsson. Ericsson said that taking into account the Apple payments and other royalty bearing licenses its IP business would be worth between 13 and 14 billion Swedish Krone (between $1.54 billion and $1.65 billion) in 2015.

The agreement puts and end to law suits pending in Texas, California, the United Kingdom, Germany and the Netherlands and also ends an investigation being conducted by the U.S. International Trade Commission.

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