Ericsson and LG Electronics sign global patent license agreement
· The agreement includes a global cross license for cellular standard-essential patents between two of the most significant contributors to 3GPP standards · Obtaining a fair return on R&D investments through patent licensing is important for Ericsson to ensure new investments in innovation and the continued success of open standardizationEricsson (NASDAQ: ERIC) and LG Electronics have renewed a global patent license agreement on FRAND terms and conditions between the two companies. Ericsson and LG Electronics are two of the leading contributors to the GSM (2G), UMTS (3G), and LTE (4G)