- License agreement ends all patent infringement lawsuits
between the companies, including a lawsuit that went to trial
earlier this year and resulted in a USD 43
million jury verdict for Intellectual Ventures
- As a consequence, Ericsson expects a negative impact on
operating income within Segment Networks in Q2 2019
STOCKHOLM, June 10, 2019 /PRNewswire/ -- Ericsson (NASDAQ:
ERIC) and Intellectual Ventures have signed a license agreement
ending all patent infringement lawsuits between the companies,
including a lawsuit that went to trial earlier this year and
resulted in a USD 43 million jury
verdict for Intellectual Ventures. Since 2012, Intellectual
Ventures has filed a number of patent infringement lawsuits against
Ericsson and its customers in the U.S. and Europe seeking injunctions and monetary
damages. While the terms of the agreement are confidential,
Ericsson expects a negative impact on operating income within
Segment Networks in Q2 2019.
Ericsson is a leading innovator in telecommunications and has a
strong commitment to research and development. Ericsson has one of
the industry's strongest intellectual property portfolios, which
includes more than 49,000 granted patents worldwide. Ericsson is
the largest holder of standard essential patents for mobile
communication.
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About Ericsson
Ericsson enables communications service providers to capture the
full value of connectivity. The company's portfolio spans Networks,
Digital Services, Managed Services, and Emerging Business and is
designed to help our customers go digital, increase efficiency and
find new revenue streams. Ericsson's investments in innovation have
delivered the benefits of telephony and mobile broadband to
billions of people around the world. The Ericsson stock is listed
on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com
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Ericsson and
Intellectual Ventures sign license agreement
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