Ericsson, LG Electronics Sign Global Patent License Agreement

Two technology majors – Ericsson and LG Electronics – have signed a global patent license agreement to jointly work on various technologies. This, in fact, is a renewal of their earlier license agreement.

“Ericsson and LG Electronics have renewed a global patent license agreement on FRAND terms and conditions between the two companies,” the Swedish telecom gear maker said in a statement.

The terms of the agreement, however, are kept confidential.

The agreement includes a global cross license for cellular standard-essential patents between two of the most significant contributors to 3GPP standards. This covers patents relating to both of the companies’ 2G, 3G, and 4G standard-essential patents.

“Obtaining a fair return on R&D investments through patent licensing is important for Ericsson to ensure new investments in innovation and the continued success of open standardization,” Ericsson added in the statement.

Ericsson and LG Electronics are two of the leading contributors to the GSM (2G), UMTS (3G), and LTE (4G) cellular communication standards and both companies are making significant investments in the development of the NR (5G) standard.

Ericsson’s Chief Intellectual Property Officer, Gustav Brismark says: “We are very pleased with this new agreement with LG. It will allow us to focus on developing new technology for the global market and add to our already industry-leading patent portfolio. The agreement confirms the value of our patent portfolio and validates our ability to license it on FRAND terms and conditions.”

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