Ericsson and Apple agree on patent ceasefire

Technology companies Ericsson and Apple have agreed to end all ongoing patent-infringement litigation between the companies. The deal includes a global cross license for patented standard-essential technologies and for other patent rights. According to the agreement, which will last for seven years, Apple will make an initial payment to Ericsson and, thereafter, will pay on-going royalties.

In addition, the two companies have agreed to collaborate in the development of new technologies, including the next generation 5G cellular standards.