Wireless Makers Work Out Deal for Faster Net

Big wireless equipment companies have worked out a royalty deal allowing for the adoption of new technology that should speed up the wireless web. The companies have agreed to limit the royalties they charge each other for patents related to a technology called long-term evolution, or LTE, reports the Wall Street Journal. The competing patents could have held off development of new, faster networks.

A Nokia exec called the move "a step towards establishing more predictable and transparent licensing costs in a manner that enables faster adoption of new technologies." (More wireless technology stories.)