Ericsson AB (Nasdaq: ERIC) has reached an agreement with Samsung Corp. on patents, which will see ongoing royalty payments from Samsung to Ericsson. The details of the deal are confidential, but Ericsson says in a statement that the initial payment in the agreement will boost Ericsson's sales and earnings in the fourth quarter of 2013 by 4.2 billion Swedish kroner ($652 million) and SEK3.3 billion ($512 million) respectively. Back in 2011 Ericsson sued Samsung over its refusal to renew a patent license agreement on so-called FRAND (fair, reasonable and non-discriminatory) terms, following two years of negotiations. (See Euronews: Ericsson Sets Lawyers on Samsung and Euronews: Ericsson Eyes Patents Cash Cow.)
KBode, User Rank: Light Sabre 1/27/2014 | 12:20:06 PM
Re: Wonder if NSA story is hindering AT&T's traction? This Wall Street Journal story seems to suggest as much:
"At a dinner Tuesday night during the annual gathering of top executives and political figures in the Swiss resort town, Mr. Stephenson asked Commissioner Neelie Kroes how revelations of data-gathering programs conducted by the National Security Agency would affect the ability of companies like AT&T to do business in Europe, people familiar with the conversation said.
There was no discussion of specific deals or targets for AT&T, the people said, although Mr. Stephenson did generally reiterate his interest in broadening investment and operations in Europe.
Ms. Kroes replied that U.S. companies, like AT&T, face a trust problem in Europe as a result of the spying disclosures and it is in the interests of all the parties to get that resolved. The scandal is likely to be a live issue as the continent gears up for EU-wide European Parliament elections in May."
My assumption is they try again in six months after the elections are done and the political posturing settles down.
KBode, User Rank: Light Sabre 1/27/2014 | 9:13:24 AM
Wonder if NSA story is hindering AT&T's traction? Bloomberg oddly omits this, but I'd seen previous reports suggesting that European regulators aren't exactly thrilled with AT&T's very close ties to the NSA, and that could hamper any Vodafone acquisition. This move appears to only delay any necessary AT&T decision six months, so perhaps AT&T hopes to try later when the outrage over the Snowden leaks has faded slightly?
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