Apple and Swedish telecom Ericsson have ended a year-long patent dispute that spanned US federal courts, the International Trade Commission, and included lawsuits in the United Kingdom, Germany, and the Netherlands.

Exact financial terms weren't disclosed, but Apple will both make a one-time payment to Ericsson and pay ongoing patent royalties. Ericsson said in a press release that its patent-related income will rise between 4 and 5 billion Swedish krona this year, which equates to $470 to $590 million. The Swedish company's stock is up about 4 percent on the news.

"We are pleased with this new agreement with Apple, which clears the way for both companies to continue to focus on bringing new technology to the global market, and opens up for more joint business opportunities in the future," said Kasim Alfalahi, Ericsson's chief IP officer.

The patent dispute began in January after a previous patent-licensing deal concerning Ericsson's patents expired. Apple went to court first, asking a federal judge to rule that Ericsson's asserted patents related to the LTE (long-term evolution) standard were invalid. Apple's innovations "resulted from years of hard work by Apple engineers and designers and billions of dollars of Apple research and development, and which have nothing to do with Ericsson’s patents," an Apple spokesperson said then.

One investment bank, Norway-based ABG Sundal Collier, told its clients it believes Apple will have to pay Ericsson around 0.5 percent of its revenue on iPads and iPhones, according to a Reuters report on the settlement.

Ericsson had earlier estimated its revenue from intellectual property licensing this year would be 9 billion Swedish krona; now, its expected total is somewhere between 13 and 14 billion krona, which equates to a range of $1.53-$1.65 billion.

The Swedish telecom company is one of the world's biggest patent holders, with about 37,000 patents in various nations. In 2013, it sold about 1,700 patents to Unwired Planet, a patent-holding company that has sued Apple, Google, and Blackberry.

Apple's most high-profile patent dispute is its ongoing dispute with Samsung, which is still unresolved. Earlier this month, the Korean company finally agreed to pay $548 million to Apple, even as it calls that damage figure "grossly exaggerated" and has appealed to the US Supreme Court.