Lagos, Aug. 25, 2023: Ericsson, a telecommunications company, says it has renewed a multi-year global patent cross-licensing agreement with Huawei that covers 3G, 4G, and 5G cellular technologies.
Ms Christina Petersson, Chief Intellectual Property Officer at Ericsson, made the announcement in a statement on Friday.
Petersson said the agreement covered the companies’ respective sales of network infrastructure and consumer devices, granting both parties global access to each other’s patented and standardised technologies.
“We are pleased to announce the renewal of our global cross-licensing agreement with Huawei.
“Both companies are major contributors to mobile communication standards and recognise the value of each other’s intellectual property,” she said.
Petersson said the agreement demonstrated the commitment of both parties that intellectual property should be respected and rewarded.
She explained that it also showed that leading technological innovations should be shared across the industry.
Petersson said a balanced approach to licensing ensured that the interests of both patent holders and implementers were served fairly, driving healthy, sustainable industry development for the benefit of consumers and enterprises everywhere.
“With the current portfolio of Intellectual Property Right (IPR) licensing contracts, Ericsson estimates the full-year 2023 IPR licensing revenues to be approximately 11 billion Swedish krona.
“Over several decades, Ericsson has been a leading contributor to 3GPP, and to the development of global mobile standards.
“The value of Ericsson’s patent portfolio of more than 60,000 granted patents is strengthened by our leading position as a 5G vendor and annual investments of more than 4 billion dollars in research and development,” she said.
Petersson added that the company was confident of growing its IPR revenues with further agreements and by expanding into additional long-term licensing areas.
