Samsung has secured another front against patent attack by shelling out to renew an IP-licensing deal with Ericsson — settling pending litigation attached to the long-running dispute.
The agreement comes hot on the heels of Samsung announcing it has inked a 10-year patent deal with Google. So it’s evidently the season for IP-licensing-based spring-cleaning in South Korea.
Returning to the Ericsson deal, the Swedish network gear maker signed a cross-licensing deal with the Korean electronics giant today, Reuters reports — ending the patent dispute and boosting Ericsson’s Q4 sales by some $652 million.
The patent suit dates back to 2012, with Ericsson filing suit against Samsung back in November 2012 after nearly two years of negotiations to renew a FRAND licensing deal failed to bear fruit.
Samsung had claimed the royalty rates Ericsson was asking for the same patents it had previously licensed were “excessive” — describing them as being…
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