Ericsson and OPPO sign initial patent license agreement
· Global cross license covering 2G, 3G and 4G patent portfolios · On-going royalty payment from OPPO to Ericsson · Business cooperation on 5G related projects including device testing, customer engagementsEricsson (NASDAQ:ERIC) and OPPO have signed a global patent license agreement. This initial agreement includes a cross license covering the 2G, 3G and 4G patent portfolios from both companies. OPPO, the fifth largest smartphone vendor in the world with business operations in more than 40 markets globally, will make on-going royalty payments to Ericsson based on a substantial part of