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first_imgHome Ericsson closes book on Intellectual Ventures spat EricssonIntellectual Ventures Ericsson settled a legal battle with patent licensing business Intellectual Ventures and, while stating terms are confidential, it noted the agreement would have a negative impact on the numbers in its Networks business in the current quarter.In a statement, the equipment vendor said Intellectual Ventures had filed a number of patent infringement lawsuits against it and its customers in the US and Europe since 2012, seeking injunctions and monetary damages.Earlier this year, Intellectual Ventures picked up a $43 million win in a lawsuit, which is among the actions settled by the new licensing deal. This case also saw T-Mobile US named.Intellectual Ventures was established in 2000 by Nathan Myhrvold, a former strategist and CTO at Microsoft. It said it “invested billions of dollars in building a portfolio of tens of thousands of IP assets in dozens of technology areas”. Subscribe to our daily newsletter Back AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 10 JUN 2019 Author Former Ericsson employees charged in bribery case Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist…More Read more Steve Costello center_img Related Tags Ericsson, Leonardo team on 5G products MásMóvil amplía su contrato con Ericsson Español Previous ArticleRakuten: AI not a 100% security solutionNext Article3 UK sets 5G battle lines last_img read more

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