InterDigital Inc, a developer of digital mobile and video technology, said on Tuesday it has entered a worldwide patent licensing agreement with China’s Huawei Technologies Ltd, and that the companies have settled all litigation against each other.
Shares of InterDigital rose as much as 19.2%.
In a regulatory filing, InterDigital said the licensing agreement runs through 2023, and covers royalties from the sale of some of Huawei’s 3G, 4G and 5G wireless telecommunications products.
InterDigital said the companies have also ended more than 15 months of litigation in China and the United Kingdom.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.