Ericsson settles patent dispute with Samsung

Ericsson has settled a long-running patent dispute with South Korean electronics giant Samsung, the Swedish telecom equipment maker said on Monday, prompting a rise in Ericsson shares on the Stockholm exchange.

Ericsson settles patent dispute with Samsung

Ericsson said in a statement that the agreement included an initial payment which would boost the company's fourth-quarter profit and revenue by 3.3 billion kronor ($511 million) and 4.2 billion kronor respectively.

"Ericsson and Samsung have reached an agreement on global patent licenses between the two companies," the Swedish company said.

"The cross license agreement covers patents relating to GSM, UMTS, and LTE standards for both networks and handsets."

The multi-year licence deal also guarantees royalty payments from Samsung to Ericsson, according to the Swedish company.

In November 2012, Ericsson filed two patent infringement lawsuits that came to an end with the deal: one at a US court in Texas and one at the US International Trade Commission.

"We are pleased that we could reach a mutually fair and reasonable agreement with Samsung. We always viewed litigation as a last resort," chief Intellectual Property officer Kasim Alfalahi said.

Samsung also announced on Monday it had signed another long-term cross-licence deal with Google in order to prevent potential patent disputes in the future.

According to the South Korean group, the agreement would cover the firms' existing patents and those filed over the next ten years.

News of the patent settlement pushed Ericsson shares higher on Monday following, with the company's stock price up two percent ten minutes following the opening of trading on the OMX exchange in Stockholm.

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Spotify on Samsung smart TVs in Europe

South Korean electronics giant Samsung will be the first to offer the Swedish music streaming service Spotify's catalogue on its smart TVs across Europe, the company said Wednesday.

Spotify on Samsung smart TVs in Europe

Spotify said on Wednesday that it would offer customers an application they could download for Samsung’s smart TVs in 12 European countries, including Britain, Denmark, France, Germany, Spain and Sweden.

According to Samsung, Spotify will complete their existing selection of apps, being the first really big and specialized music app on the Smart Hub.

“You will no longer have to connect your tablet or your computer with the sound system. Everything will be right there on your telly,” said Jenny Fisher-Toivo, Nordic Product Manager TV på Samsung Electronics Nordic.

Spotify’s three non-European markets — the US, Australia and New Zealand — would not have access to the service.

“People no longer need to fuss about connecting cables from their laptop or tablet to Hi-Fi equipment,” said Dan Saunders, director of content services for Samsung Electronics Europe.

Founded in 2006 by Swedes Daniel Ek, then in his twenties, and Martin Lorentzon, the service first launched in 2008 in Sweden and says it has since become the world’s largest streaming service.

It claims to have a catalogue of “more than 18 million songs”, “more than

15 million active users and more than four million paying customers.”

AFP/The Local

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