Ericsson has updated its annual patent licensing revenue projection to 13.5 billion Swedish krona. This increase follows the finalization of new licensing agreements with Transsion and Verifone.
The company reported that the top 10 smartphone manufacturers globally now all hold valid licenses for its patents. This milestone indicates a broadening of its licensing base within the mobile device sector.
The updated financial run-rate reflects the immediate impact of the recent deals. Ericsson did not provide a breakdown of the individual monetary values associated with the Transsion or Verifone agreements in the available reporting.
The announcement highlights the company's continued focus on intellectual property monetization. The inclusion of Transsion, a major smartphone vendor, marks a significant expansion of its customer base in the mobile market.
Further details regarding the specific terms or duration of these contracts were not disclosed. The company did not specify how these new deals compare to previous licensing periods or total portfolio earnings.
