Nokia signs 5G patent cross-license agreement with vivo

License covers Nokia’s fundamental inventions in cellular technologies. Nokia to receive payments from vivo for a multi-year period along with catch-up payments to cover the dispute period. Nokia has now concluded patent license agreements with six major smartphone vendors in the past thirteen months.

Nokia announced today it has signed a multi-year patent cross-license agreement with vivo. Under the agreement vivo will make royalty payments to Nokia, along with catch-up payments to cover the dispute period. The agreement resolves all pending patent litigation between the parties, in all jurisdictions. The terms of the agreement remain confidential as agreed between the parties.

Jenni Lukander, President of Nokia Technologies, said: “This is the sixth major smartphone patent license agreement we have signed in the past thirteen months, and we have now almost completed our smartphone license renewal cycle. Together these licensing agreements demonstrate Nokia’s significant contribution to developing key technologies relied upon by the entire smartphone industry and they will provide long-term stability to our licensing business for years to come.” Lukander added: “We are delighted to have reached an agreement with vivo which reflects mutual respect for each other’s intellectual property rights. vivo is one of the leading players in the global smartphone industry. We look forward to bringing more innovation to their users around the world through our collaboration.”

Xianwen Xu, General Manager of Legal Affairs Department at vivo Mobile Communication Co., Ltd., stated, “We are pleased to have reached a global cross-license agreement with Nokia. Signing the agreement, reflects the mutual recognition and respect for each other’s patent value in cellular technology and it also plays a significant role in fostering a positive development environment within the industry. We are dedicated to investing in R&D of smart devices and intelligent services, providing extraordinary hi-tech products and services for users worldwide.”

The agreement is consistent with the assumptions that Nokia has disclosed for Nokia Technologies in its Financial Report for Q4 issued on 25 January 2024. Nokia will begin recognizing net sales from this agreement, including catch up payments covering the periods of non-payment, in Q1 2024. Nokia Technologies is progressing towards the conclusion of the smartphone licensing renewal cycle and is making good progress in its growth areas of automotive, consumer electronics, IoT and multimedia. It remains confident that its annual net sales run-rate will return to EUR 1.4 to 1.5 billion in the mid-term.

Nokia’s industry-leading patent portfolio is built on around €150 billion invested in R&D since 2000 and is composed of around 20,000 patent families, including over 6,000 patent families declared essential to 5G. Nokia contributes its inventions to open standards in return for the right to license them on fair, reasonable and non-discriminatory (FRAND) terms. Companies can license and use these technologies without the need to make their own substantial investments in the standards, fueling innovation and the development of new products and services for consumers.

About Nokia
At Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

 

 

Did this article help you? If so, please tell me in a comment what do you think about it.

Don’t miss any of our future video tutorials, follow us on Youtube. Like us on Facebook. Join our Best Deals Telegram Channel. Join our Android TV Box Firmware Updates Telegram Channel. Subscribe now to our newsletter. If you need Tech Reviewer or Youtube Influencer read this. Donate now here to support CGR Team!

Post a comment


Samsung’s New AI PC, Galaxy Book4 Series, Available Globally Beginning February 26. Samsung Galaxy Book4 series in high demand as consumers search …

Feb 23, 2024

NICEHCK is a known name in the audiophile industry. The brand offers a wide collection of products including in-ear monitors, upgrade cables, …

Feb 23, 2024

Score Big with President’s Day Discounts for Mobile Pixels Duex Float. Main Features 15.6-inch 1080p touchscreen display Perfect for 15-inch to 16-inch …

Feb 23, 2024

DTNO.1 Official Store Sale Online Now, Big Discount There.   Special Offer On Selected Products Get Extra 20% Off     Did …

Feb 23, 2024

The OBSBOT Tail Air can function as a high-quality streaming camera due to its multiple connection interfaces. Its impressive video performance and …

Feb 23, 2024

The health of your pet’s fur is an essential component of their overall well-being. Here are some tips to help you maintain …

Feb 23, 2024

You can now buy Tranya S2 Smartwatch with 50% Off with our coupon: Shareasale50. Main Features – 1.32” widescreen high-resolution display so …

Feb 23, 2024

This firmware is for H96 Mini H8 TV Box with Rockchip RK3328A as CPU. Download Android 9 stock firmware for H96 Mini …

Feb 23, 2024

Coupon Code Alert! You can now buy Loyewellr Fingerprint Padlock with Key Backup and Bluetooth APP with 50% off from Amazon.com if …

Feb 22, 2024

CVJ came into the industry a little while ago, but in a short period, they have released several different budget-focused models. They …

Feb 22, 2024

Xiaomi 14 Series, Watch the livestream to know more about these newest flagships Xiaomi Launch February 2024 Barcelona | 25.02.2024 | 15:00 …

Feb 22, 2024

Great content is hard to create without great sound! And there’s no better way to get that these days than with the …

Feb 22, 2024