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.
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.
Apple And Ericsson Sign A 7 Year Patent Deal
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