Swedish telecom gear maker Ericsson announced on Friday that it has renewed its multi-year global patent cross-licensing agreement with Chinese telecommunications company Huawei. The agreement covers the sales of network infrastructure and consumer devices for both companies.
Ericsson stated that the renewal of the agreement signifies a continued collaboration between the two companies in the development and advancement of telecommunications technologies.
The patent cross-licensing agreement enables Ericsson and Huawei to share and utilize each other’s patented technologies without violating any intellectual property rights. This collaboration allows both companies to access and benefit from each other’s technological innovations, leading to increased efficiency and competitiveness in the telecom industry.
The partnership between Ericsson and Huawei is expected to facilitate the rapid deployment of 5G networks worldwide. By sharing their respective technological expertise, the two companies can accelerate the development and implementation of 5G infrastructure and devices.
Ericsson and Huawei have a history of collaboration dating back to 2002 when they signed their initial cross-licensing agreement. Since then, they have worked together on various projects and initiatives, contributing to the advancement of the telecommunications industry.
The renewal of the agreement reflects the ongoing commitment of Ericsson and Huawei to promote innovation and technological progress in the field of telecommunications. As two leading players in the industry, their collaboration sets the stage for future advancements and breakthroughs in telecommunications.
Both Ericsson and Huawei have been actively investing in research and development to drive technological innovation. By sharing their patented technologies, they enhance their competitive edge and expand their product offerings to meet the growing demands of the market.
The multi-year global patent cross-licensing agreement between Ericsson and Huawei reinforces their mutually beneficial partnership and paves the way for further cooperation in the future. As the world transitions to the era of 5G, the collaboration between these two industry giants will play a crucial role in shaping the future of telecommunications.
Overall, the renewal of the patent cross-licensing agreement highlights the importance of collaboration and cross-industry partnerships in driving innovation and technological advancement. By working together, companies can leverage each other’s strengths and contribute to the development of cutting-edge technologies.
Anna Ringstrom reporting for Reuters, edited by Terje Solsvik
Credit: The Star : Tech Feed
