Ericsson signs intellectual dealings with intellectuals

The Swedish company said on Monday that operating income Ericsson expects a negative impact on the Networks in the current quarter as it has reached an agreement to end all patent infringement lawsuits with Intellectual Ventures.

“The deal included a lawsuit that went to court earlier this year, resulting in a $ 43m court ruling in favor of Intellectual Ventures for licensing patents,” said the Swedish mobile producer.

“While the terms of the deal are confidential, Ericsson expects a negative impact on operating revenues within the Networks segment in Q2 2019,” Ericsson said in a statement./

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