Ericsson and LG Electronics renewed a global patent licence agreement on fair, reasonable, and non-discriminatory (FRAND) terms and conditions between the two companies. Ericsson and LG Electronics are two of the leading contributors to the GSM (2G), UMTS (3G), and LTE (4G) mobile communication standards and both companies are making significant investments in the development of the NR (5G) standard. The agreement includes a cross licence that covers patents relating to both companies’ 2G, 3G, and 4G/LTE standard-essential patents.