Huawei and Ericsson Renew Patent Cross Licensing Agreement
Huawei and Ericsson continue their foray into the age of 5G connectivity, by renewing their worldwide patent cross licensing agreement. This agreement covers basic wireless technologies, like GSM, UMTS and LTE.
There are also essential patents related to standards and many more. Under this agreement, both firms will use standard licenses or patents held by the other company on a global scale. Huawei officials seem to be pleased with the partnership and its renewal, reflecting the unified views of the Nordic and Chinese company.
Prices are deemed reasonable for the licensing and technological innovation is the purpose here, as well as technology sharing and standardization. Ericsson chief of intellectual property, Kasim Alfalahi also welcomes the agreement, that will usher in a new era of social networking expansion and enhanced networking in general.
And once again, both companies are working against the clock to beat the likes of Samsung, Nokia-Alcatel-Lucent and more to the 5G debut.