Nokia signs 5G patent cross-license agreement with vivo
05 Fevereiro 2024 - 4:00AM
Nokia signs 5G patent cross-license agreement with vivo
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
5 February 2024Espoo, Finland – 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.
Resources and additional informationWebpage:
nokia.com/licensing
About NokiaAt 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.
Media inquiries
Steven Bartholomew, VP Communications and
Marketing, Nokia
TechnologiesEmail: steven.bartholomew@nokia.com
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