Ericsson, Samsung Reach Patent Pact, End Suits

Ericsson and Samsung reached a multiyear agreement covering global patent licenses, including on all cellular technologies, the companies said Friday. The agreement covers sales of network gear and handsets from Jan. 1. They agreed on “technology cooperation projects to advance the mobile industry in open standardization and create valuable solutions for consumers and enterprises.” This settles complaints filed by both companies before the U.S. International Trade Commission plus “ongoing lawsuits in several countries,” they said.