By Dominic Chopping

STOCKHOLM--Ericsson AB said Friday it has reached a multiyear, global patent license agreement with Apple Inc., ending a yearlong legal battle over the use of Ericsson's technology in products such as iPhones.

Apple first licensed Ericsson's patents in 2008 when it released the first iPhone. When that deal expired, a 2015 complaint by Ericsson against Apple led to another global cross-license deal between the companies, but those licenses expired after talks to renew the deal at the end of 2021 failed.

Since then, the two companies have filed lawsuits against each other in several countries, all of which will now be dropped.

In addition to a cross-license deal relating to patented cellular standard-essential technologies and certain other patent rights, the deal will see the two companies strengthen their technology and business collaboration, including in technology, interoperability and standards development, Ericsson said.

Ericsson didn't disclose a value of the deal but said the agreement is backdated to Jan. 15, 2022, and in addition to existing deals with other licensees, it expects to report intellectual property licensing revenue of 5.5 billion to 6.0 billion Swedish kronor ($532.4 million-$580.8 million) in the fourth quarter of 2022.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

December 09, 2022 09:06 ET (14:06 GMT)

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