Ericsson to get royalties from patent deal with ZTE

Posted on Posted in Technology news

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 >>

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