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HELSINKI – In a significant development for the technology industry, Nokia (HE:) and Oppo have announced a cross-licensing agreement to resolve a global patent litigation regarding 5G technology. The agreement reached today brings to an end a legal dispute that has particularly affected Oppo’s operations in the European market.
This settlement has great significance for both companies. Under the terms of the confidential agreement, Oppo will pay royalties to Nokia. This financial arrangement is expected to increase Nokia’s intellectual property licensing revenues and contribute to the company’s financial stability.
Additionally, the agreement paves the way for Oppo to potentially resume operations in key European markets such as Germany, where its presence has been affected by legal battles. Both Nokia and Oppo see this resolution as a positive move towards fostering innovation in the technology sector and respecting intellectual property rights.
Oppo, a leading smart device manufacturer from Shenzhen, boasts an impressive intellectual property portfolio covering over 5,900 patent families worldwide. More than 3,300 of these patents have been declared standard-essential by ETSI, and more than 11,000 documents have been submitted to standard-setting body 3GPP, highlighting the power of patents in innovation. . An industry report by CAICT and IPlytics names Oppo as the top holder of key patents for next-generation cellular technology.
Since introducing the first ‘smiley face’ mobile phone in 2008, Oppo has diversified into a formidable global brand featuring advanced smart devices such as the Find series and the Reno series. Complementing the hardware offerings are the bespoke operating system ColorOS and internet services, including OPPO+. Oppo is present in over 60 countries and regions, supported by over 40,000 employees, and continues to move forward to provide superior user experiences around the world.
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