Nokia signed a number of 5G patent deals last year. The Finnish company recently convinced Oppo that it would be better to use technology patented by other companies and just pay for it.
Today, Nokia has signed yet another 5G patent agreement, this time with another Chinese smartphone maker, vivo. Admittedly, this is a multi-year cross-licensing deal that benefits both companies, and in the short term Vivo will benefit as it will now be able to return to the German market after losing a lawsuit filed by Nokia. Become.
In the announcement, regarding the new contract, “Resolved all patent litigation pending between the parties in all jurisdictions” However, as the terms and conditions are confidential, there is not much that can be added to this.
With this licensing agreement, Nokia has “nearly completed its smartphone license renewal cycle,” the company said. The Finnish giant has signed similar deals with other major smartphone companies such as Samsung, Honor, Huawei, Oppo, and even Apple.
“This is the sixth major smartphone patent license agreement we have entered into in the past 13 months, and the renewal cycle for smartphone licenses is nearly complete. These licensing agreements demonstrate Nokia’s significant contribution to the development of key technologies trusted by the entire smartphone industry and will provide long-term stability for our licensing business for many years to come.” said Jenny Lucander, president of Nokia Technologies.
Nokia expects its intellectual property licensing business to generate around 1.4 billion euros ($1.5 billion) in the medium term, but this is less considering the company has invested around 150 billion euros in research and development. not many.
