The Swedish company Ericsson, appeared in the press release about reaching an agreement with Samsung in matters of mutual licensing technologies in the field of wireless network standards GSM, UMTS, LTE and the respective mobile devices.
All mutual claims in patent law and Ericsson Samsung eliminated. Between companies is an agreement on cross-licensing of technology in these areas. Ericsson says that in patent law adheres to the principles of honesty, prudence and non-discrimination, and it is good for the entire industry. Moderate amount of payments for the use of licenses for the development of Ericsson leaves the door for new players to the market open. According to the head unit profile Ericsson, the company has always regarded the trial as a last resort for resolving disputes.
Under the agreement, Samsung will pay royalties to Ericsson for several years. The first payment, according to the Swedish manufacturer, will increase net income in the fourth quarter by almost half a billion dollars. The detailed financial terms of the agreement were not disclosed.