A dispute over royalties for using 5G wireless patents in iPhones was resolved, according to Ericsson's announcement on Friday that it had reached a global patent licence agreement with Apple. The multi-year agreement, according to the Swedish manufacturer of telecom equipment, comprised global cross-licences for copyrighted cellular standard-essential technologies as well as certain additional intellectual rights.

 According to a release, 'The settlement resolves all pending litigation between the parties involving patents.' The agreement comes after a second round of patent infringement lawsuits were launched by Ericsson against the US iPhone manufacturer in January.

As negotiations to extend a seven-year licencing agreement for telecoms patents that was first reached in 2015 fell apart, both corporations had already filed lawsuits against one another in the US.
With regard to royalties for the use of 5G wireless patents in iPhones, Ericsson and Apple (AAPL.O) announced on Friday that they had reached a global patent licence deal.

The multi-year agreement, according to the Swedish manufacturer of telecom equipment, covered various other intellectual rights as well as global cross-licensing for patented cellular standard-essential technologies.
In October 2021, Ericsson filed the initial lawsuit, alleging that Apple was unfairly attempting to reduce the royalty fees. The Swedish corporation was then charged with utilising 'strong-arm techniques' to renew patents, according to the complaint the iPhone maker filed in December 2021.

Including the consequences of the settlement and ongoing IPR activity with all other licensees, Ericsson projected fourth-quarter intellectual property rights (IPR) licencing revenues of 5.5 billion–5.0 billion Swedish crowns ($530.3 million–$578.5 million) on Friday.