The Traderszone Network

Published in TZ Latest News 21 December, 2015 by The TZ Newswire Staff

Ericsson and Apple sign patent deal, settle litigation

Swedish mobile telecom gear maker Ericsson (ERICb.ST) announced it had signed a patent license deal with Apple Inc (AAPL.O), ending a year-long dispute and sending its shares up 7 percent on Monday. Ericsson did not specify how much it would earn from the deal but estimated overall revenue from intellectual property rights in 2015 would hit 13 to 14 billion crowns ($1.52-$1.64 billion), including positive effects from the settlement with Apple, up from 9.9 billion crowns in 2014.

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