Ericsson to get royalties from patent deal with ZTE

STOCKHOLM (Reuters) – Mobile telecoms network equipment market leader Ericsson and rival ZTE have settled a dispute over patents that will see the up-and-coming Chinese company pay royalties to the Swedish firm.
Ericsson, which has an industry leading portfolio of 27,000 patents, declined to say how much ZTE would pay in royalties. ZTE has denied the sum was as high as 500 million euros ($645 million).
“Legal action is usually the last resort and we are very happy we have solved this dispute with ZTE,” said Ericsson spokesman Fredrik Hallsten. More >>

Srinivas Katam

Do you need help growing your business? Srinivas Katam is a Digital Marketing Strategist and Consultant with over 200 successful SEO and Social Media client engagements completed. I’ve worked with brands across the world as a digital marketing consultant to deliver revenue growth from content-focused inbound marketing campaigns. He is an Innovative Marketer who specializes in digital marketing, specifically in social media, SEO and online strategy.

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