TIDM61QS
RNS Number : 2637J
Telefonaktiebolaget Lm Ericsson
09 December 2022
Ericsson and Apple sign global patent license agreement
-- Agreement includes global cross-license for patented cellular
standard-essential technologies and grants certain other patent
rights.
-- Settlement ends all ongoing patent-related legal disputes between the parties.
-- Including effects of the settlement, and including ongoing
IPR business with all other licensees, Ericsson estimates fourth
quarter 2022 IPR licensing revenues will be SEK 5.5 - 6.0 b.
Ericsson (NASDAQ: ERIC) and Apple have reached a multi-year,
global patent license agreement between the two companies. The
agreement includes a cross-license relating to patented cellular
standard-essential technologies and grants certain other patent
rights.
Furthermore, Ericsson and Apple have mutually agreed to
strengthen their technology and business collaboration, including
in technology, interoperability and standards development.
This settlement ends the lawsuits filed by both companies in
several countries, including in the United States District Court of
the Eastern District of Texas, as well as the complaints filed
before the United States International Trade Commission
(USITC).
Ericsson's IPR licensing revenues continue to be affected by
several factors, including expired patent license agreements
pending renewal, the technology shift from 4G to 5G, and possible
currency effects and geopolitical impact going forward. Including
effects of the agreement with Apple covering sales from January 15,
2022, and including ongoing IPR business with all other licensees,
Ericsson estimates the fourth quarter 2022 IPR licensing revenues
will be SEK 5.5 - 6.0 b.
Christina Petersson, Chief Intellectual Property Officer at
Ericsson says: "We are pleased to settle the litigations with Apple
with this agreement, which is of strategic importance to our 5G
licensing program. This will allow both companies to continue to
focus on bringing the best technology to the global market."
Over several decades, Ericsson has been a leading contributor to
3GPP and to the development of global mobile standards for the
benefit of consumers and enterprises everywhere. 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 USD 4 b in R&D. The company is
confident of growing its IPR revenues with new 5G agreements and by
expanding into other licensing areas long term.
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FOR FURTHER INFORMATION, PLEASE CONTACT:
Contact person
Peter Nyquist, Head of Investor Relations
Phone: +46 705 75 29 06
E-mail: peter.nyquist@ericsson.com
Media Relations
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com
ABOUT ERICSSON:
Ericsson enables communications service providers and
enterprises to capture the full value of connectivity. The
company's portfolio spans the following business areas: Networks,
Cloud Software and Services, Enterprise Wireless Solutions, Global
Communications Platform, and Technologies and New Businesses. It is
designed to help our customers go digital, increase efficiency and
find new revenue streams. Ericsson's innovation investments have
delivered the benefits of mobility and mobile broadband to billions
of people globally. Ericsson stock is listed on Nasdaq Stockholm
and on Nasdaq New York. www.ericsson.com
Forward-looking statements
This release includes forward-looking statements, including
statements reflecting management's current views relating to the
growth of the market, future market conditions, future events,
financial condition, and expected operational and financial
performance, including, in particular the following:
- Our expectations regarding IPR licensing revenues, including
the new agreement with Apple in the fourth quarter 2022
- Our goals, strategies, planning assumptions and operational or
financial performance expectations
- Industry trends, future characteristics, and development of
the markets in which we operate
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cost savings and profitability
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services as well as plans to launch new products and services
including research and development expenditures
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integrated and accretive to income
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standardization environment in which we operate, competition and
our customer structure.
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Ericsson is obliged to make public pursuant to the EU Market Abuse
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the agency of the contact person set out above at 14:30 pm CET on
December 9, 2022.
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December 09, 2022 08:56 ET (13:56 GMT)
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