- Multi-year global cross license covering cellular technology,
including 5G
- Royalty payments from OPPO to Ericsson
- Business cooperation on 5G related projects such as device
testing and customer engagements
STOCKHOLM, July 15,
2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) and OPPO have signed a multi-year
global patent cross license agreement. This agreement includes a
cross license covering patents essential to standards for cellular
technologies, including 5G. OPPO, a leading smartphone vendor with
sales in global markets, and significant presence in developing
countries, will make royalty payments to Ericsson.
In addition to a cross license, OPPO and Ericsson will conduct
business cooperation on a number of projects related to 5G,
including device testing, customer engagements and marketing
activities.
Christina Petersson, Chief
Intellectual Property Officer at Ericsson, says: "This important
royalty bearing license agreement with OPPO allows Ericsson to
further invest in fundamental communications technologies. The
license confirms that the patent licensing industry works and is
proof that a vast majority of license agreements are based on
business negotiations. It also reflects the mutual respect for each
other's patent portfolio. We now look forward to growing Ericsson's
IPR revenues with additional 5G agreements and expansion into
additional licensing areas, such as IoT and consumer
electronics."
This agreement is in line with global practice where companies
that provide products using cellular 3GPP standards such as 5G need
a license agreement with patent holders in order not to infringe
these patents, and also for patent holders to be compensated for
their R&D investment.
The financial benefit of this agreement was already reflected in
Ericsson's Q2 2024 financial results.
Over several decades, Ericsson has been a leading contributor to
3GPP and to the development of global mobile standards. The value
of Ericsson's patent portfolio of more than 60,000 granted patents
is strengthened by our leading position as 5G vendor, our leading
5G patent portfolio and annual investments of more than
SEK 45 billion in R&D.
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Ericsson and OPPO sign
global patent cross license agreement
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SOURCE Ericsson