Ericsson today said its estimates IPR revenues of SEK 13-14 billion or $1.6 billion in 2015 following the settlement of its patent dispute with Apple.
Apple and Ericsson have agreed on a global patent license agreement includes a cross license that covers patents relating to both companies’ standard-essential patents including the GSM, UMTS and LTE cellular standards.
In addition, the agreement includes releases that resolve all pending patent-infringement litigation between the companies.
As part of the seven-year agreement, Apple will make an initial payment to Ericsson and, thereafter, will pay on-going royalties. Ericsson did not reveal specific details on payment from Apple.
This patent agreement ends investigations before the U.S. International Trade Commission, lawsuits pending in the U.S. District Court for the Eastern District of Texas and Northern District of California, and the United Kingdom, Germany and the Netherlands.
In addition, the companies will collaborate in multiple technology areas, including the development of the next generation 5G cellular standards, the optimization of existing wireless networks for the benefit of operators and users worldwide, and video traffic optimization.