Apple, Ericsson reach patent licensing deal
Cupertino to licence telecom vendor's cellular communication technology
Apple has settled a year-long dispute with Swedish telecom vendor Ericsson by signing a patent deal that will see Ericsson licence cellular connectivity technology to Cupertino.
In a statement, Ericsson said that the deal would form the foundation of a long-standing partnership between the two companies. The dispute came after Ericsson claimed that Apple's previous licence to its technology - used in the iPhone and iPad to connect to cellular networks - had expired. The new deal will see Apple renew its licence.
As a result of the deal, Ericsson said that it expected revenue from its intellectual property to reach up to $1.64bn in 2015, up almost 30% from last year.
Apple isn't the only mobile handset maker to use Ericsson technology in its devices. Last year, the telecoms vendor signed a deal with Samsung that allowed the Korean manufacturer to use its cellular technology in its smartphones.
According to Reuters, the vendor has over 100 patent licence agreements with various companies, and a total library of around 37,000 patents to do with mobile telecoms.