The agreement that covers patents essential to standards relevant to the products of the parties, including 3G, 4G, and 5G.

The agreement covers the companies’ respective sales of network infrastructure and consumer devices, granting both parties global access to each other's patented, standardized technologies.

Ericsson  Chief Intellectual Property Officer Christina Petersson said "We are pleased to announce our renewal of our global cross-licensing agreement with Huawei,. Both companies are major contributors to mobile communication standards and recognize the value of each other's intellectual property. This agreement demonstrates the commitment of both parties that intellectual property should be respected and rewarded, and that leading technological innovations should be shared across the industry. A balanced approach to licensing ensures that the interests of both patent holders and implementers are served fairly, driving healthy, sustainable industry development for the benefit of consumers and enterprises everywhere."

With the current portfolio of IPR licensing contracts, Ericsson estimates the full-year 2023 IPR licensing revenues to be approximately SEK 11 billion.