Apple and Ericsson have agreed a global patent deal that will end legal hostilities between the two companies.
The specifics of the deal remain confidential, but Ericsson appears to have come out on top of the negotiations after confirming that the deal will see Apple make an initial payment to Ericsson and then ongoing royalties.
As part of the deal the firms will now work together to develop next-generation technologies in areas such as 5G, video traffic optimisation and improved wireless networks.
Kasim Alfalahi, chief intellectual property officer at Ericsson, explained that the deal is good news for both companies and the wider market.
"We are pleased with this new agreement with Apple, which clears the way for both companies to continue to focus on bringing new technology to the global market, and opens up more joint business opportunities in the future," he said.
V3 contacted Apple for a statement on the deal between the two firms but it had no comment to make.
The companies began legal proceedings at the beginning of the year with suits filed in the US. This then expanded to the UK and Germany when Ericsson filed more lawsuits in May.
The suits related to the use of 2G and 4G technologies in Apple devices, which Ericsson claimed Apple was using without a valid licence.
Apple has been involved in numerous patent disputes over the past few years, some proving more successful than others.
The company recently secured a $548m fee from Samsung, although this is now being appealed, but lost a case against the University of Wisconsin-Madison for $234m, although this too is under appeal.
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