Business & Finance

Ericsson, ZTE sign royalty license deal

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"We have signed more than 90 patent agreements with different vendors worldwide. Now we can add ZTE to this group," Kasim Alfalahi, Chief Intellectual Property Officer at Ericsson, said in a statement.

Ericsson in April 2011 filed lawsuits in Germany, Britain and Italy against ZTE for infringing on several of its patents. ZTE said Thursday it would drop a lawsuit against Ericsson in China.

Copyright Reuters, 2012