Telecommunications provider Level 3 Communcations announced on Thursday that it has entered into a long-standing patent cross-license agreement with IBM.
Under the stipulations of the agreement, IBM approved Level 3 licenses to in the region of 42,000 pending and issued patents which cover a broad range of telecommunications services and technologies.
In turn, Level 3 has furthermore granted IBM licenses to those of its in excess of 850 pending and issued patents, covering a wide assortment of information handling systems. The licenses will last as long as the lives of the respective patents, say the companies. Other conditions of the cross-license agreement were not revealed.
Dan Cerutti, IBM’s general manager of intellectual property stated “IBM enjoys a widely recognized reputation of innovation and invention for technologies related to telecommunications, networking, media and entertainment. With this cross license, we look forward to deepening our relationship with Level 3, and reaping with them all the benefits of collaboration.”
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