Monday, July 9, 2007

Ericsson and Samsung Sign Telecom Cross License Deal

Ericsson and Samsung announced a significant patent cross licensing deal.

Under the terms of the worldwide royalty bearing agreement, Ericsson has granted Samsung a non-exclusive license under Ericsson's patent portfolio for the 2G and 3G mobile telephony standards, to develop, manufacture and sell 2G and 3G subscriber and infrastructure equipment.

In return, Samsung provides a royalty payment and a reciprocal license under Samsung's valuable patent portfolio to Ericsson.