The agreement between the two companies includes patents relating to all mobile technologies covering the sales of network infrastructure and handsets, effective as of 1 January 2021.
In addition, the two have agreed to work together on technology projects to advance the mobile industry in open standardisation and create valuable solutions for consumers and enterprises.
The settlement follows complaints filed by both companies to the United States International Trade Commission (USITC) as well as the ongoing lawsuits in several countries. As such, the details of the agreement are confidential with no further details to be disclosed.
"We are delighted to sign a mutually beneficial agreement with Samsung,” said Christina Petersson, chief intellectual property officer at Ericsson.
“This important deal confirms the value of our patent portfolio and further illustrates Ericsson's commitment to FRAND principles."
Ericsson's reports that its IPR licensing revenues continue to be affected by several thing, namely expired patent license agreements due for renewal, the geopolitical impact on the handset market, the shift from 4G to 5G, and the effects of varying currencies.
In Q2 of 2021, Ericsson’s IPR licensing revenues are expected to reach SEK 2 billion ($238 million) to 2.5 billion ($297 million).
The value of Ericsson's IP portfolio extends to more than 57,000 granted patents and is supported by annual R&D investment of approximately SEK 40 billion ($4.7 billion).
In related news, Samsung Electronics ranked top in 5G Standard Essential Patent (SEP) shares according to a patent essentiality study carried out by Berlin-based market intelligence firm, IPlytics.
Samsung also ranked second in two other categories: share of 5G granted3 and active patent families,5and share of 5G granted and active patent families.
