Late Wednesday, networking giant Cisco and computer company Apple announced that they have resolved their dispute over ownership of the “iPhone” trademark.

Under the agreement, both companies will share ownership of the “iPhone” trademark and will be free to use it on their products throughout the world.

As a result, both companies acknowledge the trademark ownership rights that have been granted and each side will dismiss any pending actions regarding the trademark.

In perhaps a nod to Cisco getting its way though, the two companies said they will explore opportunities for interoperability in the areas of security and consumer and enterprise communications.

This had earlier been revealed as one of the core aims of Cisco when initially in discussion over the granting of rights to the trademark.