Ericsson and Apple decided a patent dispute out of court

Ericsson and Apple decided a patent dispute out of court

22.12.2015 News

Ericsson and Apple decided a patent dispute out of courtLast winter two well-known manufacturers of technique went to court with counter-accusations of patent infringement. Apple representatives accused their Swedish competitors in the application of technologies in the transmission network, the Swedes responded by suing a counter statement in which it accused Apple of using of their cellular technologies in the production of its equipment.

The company managed to resolve the conflict before the court. According to informed sources, the dispute is now settled in the United States, Britain, Germany and the Netherlands.

In addition, the two companies signed a patent cooperation agreement. Financial details of the agreement were not disclosed. This agreement implies that one party grants to the other one intellectual property rights to several patents.

According to experts, the agreement between the two companies, will help Ericsson significantly increase their revenues. They predict that the Swedish manufacturer of equipment revenue will rise from 9.9 billion kronor ($ 1.15 billion) to 13-14 billion kronor ($ 1.52-1.64 billion).

Ericsson representative Kalsim Alfalahi said the company is very pleased with the agreement with the American corporation Apple, it will help them to reach a new level in sales, open up new opportunities in production and this agreement will serve as a good start for further close cooperation between the two large companies.

This agreement is concluded for a period of seven years. So the companies not only to resolve the conflict before the court, but has also become a promising business – partners.

After signing an agreement with Apple, Ericsson shares immediately jumped 7% on Monday. Analysts estimate the deal positively, noting that it will increase the income of companies and bring new technologies to the world.

Source: www.wsj.com

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