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Ericsson settles patent dispute with Samsung

STOCKHOLM, May 7 (Reuters) - Ericsson said on Friday it had reached a multi-year agreement on global patent licenses with Samsung, ending a dispute that hit the Swedish telecom equipment maker’s first-quarter revenue.

The cross-license agreement covers sales of network infrastructure and handsets from Jan. 1, 2021, it said in a statement.

Ericsson expects second-quarter patent licensing revenue to be between 2 billion Swedish crowns ($237.30 million) to 2.5 billion crowns. ($1 = 8.4280 Swedish crowns) (Reporting by Supantha Mukherjee, European Technology & Telecoms Correspondent, based in Stockholm; editing by Niklas Pollard)

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