ZTE CORPORATION(hereinafter as ZTE) recently has settled all outstanding litigations worldwide with Telefonaktiebolaget LM Ericsson(hereinafter as Ericsson), the world's largest mobile telecommunication equipment vendor from Sweden, ending the nine-month patent lawsuits.
The two companies signed a cross-licensing agreement and agreed to withdraw all patent litigations against each other including the lawsuits filed by Ericsson against ZTE in the UK, Germany and Italy, and the cases filed by ZTE against Ericsson in China. The two companies already submitted applications to the courts concerned for withdrawal of the pending lawsuits.
