STOCKHOLM, July 31, 2018 /PRNewswire/ --
Ericsson (NASDAQ: ERIC) and LG Electronics have renewed a global patent license agreement on FRAND terms and conditions between the two companies. Ericsson and LG Electronics are two of the leading contributors to the GSM (2G), UMTS (3G), and LTE (4G) cellular communication standards and both companies are making significant investments in the development of the NR (5G) standard. The agreement includes a cross license that covers patents relating to both companies' 2G, 3G, and 4G standard-essential patents. The terms of the agreement are confidential.
Ericsson's Chief Intellectual Property Officer, Gustav Brismark says: "We are very pleased with this new agreement with LG. It will allow us to focus on developing new technology for the global market and add to our already industry-leading patent portfolio. The agreement confirms the value of our patent portfolio and validates our ability to license it on FRAND terms and conditions."
For media kits, backgrounders and high-resolution photos, please visit www.ericsson.com/press
FOLLOW US:
www.linkedin.com/company/ericsson
Subscribe to Ericsson press releases here.
MORE INFORMATION AT:
(+46 10 719 69 92)
investor.relations@ericsson.com
(+46 10 719 00 00)
ABOUT ERICSSON
Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency, and find new revenue streams. Ericsson's investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
| Ericsson and LG Electronics sign global patent license agreement |
