Apple And Ericsson Sign A 7 Year Patent Deal Burying All The Differences

Burying all the differences of infringement claims, Telecom giant Ericsson and Apple join hands together to begin a new partnership with a 7-year patent deal. Ericsson didn’t disclose its revenue prospects from the deal.

apple-inc-2-638

As per the deal terms, Apple will pay Ericsson an initial lump-sum payment and the on-going royalties will be paid thereafter. If reports are to be believed, Ericsson’s earned roughly $1.5 billion of revenue from intellectual property rights. The amount includes the licensing fee the company collected from Apple.

The joint venture will help both the companies to collaborate on 5G video network traffic management and wireless network optimization technologies.

DO NOT MISS:   Microsoft Outlook for iOS Gets Major Updates

Apple And Ericsson Sign A 7 Year Patent Deal

Follow Us

Sumant Singh

Sumant is the founder - editor of digital tech startup Factpedia. He is a tech content specialist, gizmo geek and a pro content marketer. When not on his workstation, he could be found scrolling Google News endlessly on his phone.
Follow Us
  •  
  •  

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of
0Shares