Apple signs global patent license deal with Ericsson
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Apple (NASDAQ:AAPL) and Ericsson (NASDAQ:ERIC) have entered a global patent cross-license agreement for the latter's patented cellular standard -essential technologies.
The licensing deal also grants certain patent rights and ends all ongoing patent-related legal disputes between the companies.

Ericsson (ERIC) has previously accused Apple (AAPL) of patent infringement involving 5G chips used in iPhones. Meanwhile, Apple had a countersuit against Ericsson to ban the importation of that company's wireless base stations into the United States.
Ericsson and Apple have agreed to strengthen their business collaboration, including in technology, interoperability and standards development.
Ericsson expects the settlement and licensing business to generate IPR licensing revenues of SEK 5.5B-6B for Q4.
The company last reported Q3 group organic sales growth by 3% Y/Y, driven primarily by Networks in North America. Its IPR licensing revenues have been affected by expired patent license agreements, the technology shift to 5G and currency and geopolitical effects.
Ericsson (ERIC) is trading around +6% pre-market.