Ericsson and Huawei Renew License Deal, Giving Access to Each Other's Patents

By Dominic Chopping

STOCKHOLM--Ericsson said Friday that it has renewed a multiyear global patent cross-licensing pact with Huawei, giving both companies access to each other's patented, standardized technologies.

The deal covers patents essential to each company's products within network infrastructure and consumer devices , including 3G, 4G, and 5G cellular technologies, it said.

"Both companies are major contributors to mobile communication standards and recognize the value of each other's intellectual property," said Christina Petersson, chief intellectual property officer at Ericsson.

"A balanced approach to licensing ensures that the interests of both patent holders and implementers are served fairly, driving healthy, sustainable industry development."

Financial terms weren't disclosed, but Ericsson said that with its current portfolio of intellectual property licensing contracts, it expects full-year 2023 licensing revenue to be around 11 billion Swedish kronor ($1 billion).

Ericsson has more than 60,000 granted patents and invests more than $4 billion in research and development each year. It said it is confident of growing its intellectual property revenues with further agreements and by expanding into additional licensing areas long term.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

August 25, 2023 02:34 ET (06:34 GMT)

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