ERIC - Ericsson And OPPO Ink Global 5G Patent Deal: Royalties and Innovation on the Horizon | Benzinga
Ericsson (NASDAQ:ERIC) inked a multi-year global patent cross-license agreement with OPPO.
This agreement involves a cross-license for essential patents in cellular technologies, including 5G standards, and OPPO will pay royalties to Ericsson. The financial terms were not disclosed.
OPPO and Ericsson will collaborate on various 5G-related initiatives, including device testing, customer engagements, and marketing, in addition to their cross-licensing agreement.
This agreement follows global standards where companies using 3GPP cellular technologies like 5G must license patents to avoid infringement and compensate patent holders for their R&D ...