Ericsson's wireless technology is widely used by many cell phone manufacturers today to get cell phones to communicate with base stations and thus get signal while on the move. Photo: TT
Patent dispute

Ericsson inks licensing deal with Samsung

After more than a year of legal proceedings, Swedish telecommunications equipment maker Ericsson has finally reached a deal with the South Korean rival Samsung. Ericsson sued Samsung in 2012 for violating wireless technology patents.

The deal means that Samsung will pay an initial payment as well as royalties to Ericsson for using the company's wireless technology in their cell phones.

Ericsson's technology helps cell phones communicate with base stations and is used by several companies in the industry. In 2012, Samsun and Ericsson failed to renew the licensing agreement for the patents as Samsung claimed Ericsson wanted more money for an old patent portfolio.

Shortly after the deal was inked, Ericsson stock went up on the Stockholm stock market by almost 2 percent.

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