Ericsson and Samsung reach agreement on licensing terms

Ericsson and Samsung have reached an agreement on global patent licenses between the two companies.

The cross license agreement covers patents relating to GSM, UMTS, and LTE standards for both networks and handsets. Ericsson is committed to licensing its standard-essential patents on fair, reasonable and non-discriminatory (FRAND) terms for the benefit of the industry. It believes that licensing according to FRAND principles strikes the appropriate balance between incentivizing companies to innovate and contribute technology to open standards and maintaining the overall royalty rates at a reasonable level to allow new entrants access to the market.