Ericsson and LG are important contributors to the global 2G, 3G and 4G network standards. At the same time, the two companies have invested heavily in 5G network standards. The renewal of this agreement covers the two companies in terms of 2G, 3G and 4G networks. The cross-licensing of the 'standard essential patent', the specific terms of the agreement are still in a confidential state.
For Ericsson, patent licensing can make up for the company's R&D investment, thus ensuring continued innovation in the future.
Gustav Brismark, chief intellectual property officer of Ericsson, said: 'I am very pleased to sign a new agreement with LG. This will allow us to focus on developing new technologies for the global market and for us already leading the way. The patent pool is added to the tile. At the same time, this agreement also proves the value of our patents, as well as our patent licensing capabilities.