Nokia Media Release | February 5, 2024
Nokia signs 5G patent cross-licensing agreement with vivo
- License covers Nokia’s fundamental inventions in mobile phone technology
- Nokia will receive multi-year payments from vivo, with additional payments to cover the period of dispute
- Nokia has signed patent license agreements with six major smartphone vendors in the past 13 months.
February 5, 2024
Espoo, Finland – Nokia today announced that it has signed a multi-year patent cross-licensing agreement with vivo. Under the agreement, vivo will pay royalties to Nokia and will also pay compensation to cover the dispute period. This agreement resolves all patent litigation pending between the parties in all jurisdictions. Terms and conditions will be treated as confidential as agreed between the parties.
Jenny Lucander, President of Nokia Technologies, said: “This is the sixth major smartphone patent license agreement we have entered into in the past 13 months, and we are nearing completion of the smartphone license renewal cycle. It demonstrates Nokia’s significant contribution to the development of the technology and will provide long-term stability to our licensing business for many years to come.” Mr Lucander added: “We are pleased to have reached an agreement with vivo that reflects mutual respect for each other’s intellectual property rights. vivo is one of the leading companies in the global smartphone industry. Through our collaboration, We look forward to bringing even more innovation to our users.”
Xianwen Xu, Legal Manager of vivo Mobile Communication Co., Ltd., said:“We are pleased to have reached a global cross-licensing agreement with Nokia. The signing of this agreement reflects mutual recognition and respect for the value of each other’s patents in mobile phone technology and is a positive move within the industry. It also plays an important role in promoting the development environment. Our company invests in the research and development of smart devices and intelligent services, and is dedicated to providing superior high-tech products and services to users around the world.”
The agreement is consistent with the assumptions disclosed to Nokia Technologies in Nokia’s fourth quarter financial report issued on January 25, 2024. Nokia will begin recognizing net revenue from this agreement starting in the first quarter, including catch-up payments to cover the unpaid period. 2024. Nokia Technologies is moving towards the end of its smartphone license renewal cycle and making good progress in the growing areas of automotive, consumer electronics, IoT and multimedia. The company remains confident that annual net sales will return to between EUR 1.4 billion and EUR 1.5 billion in the medium term.
Nokia’s industry-leading patent portfolio is built on approximately €150 billion invested in research and development since 2000, with approximately 20,000 patent families, including more than 6,000 patent families declared essential for 5G. It consists of In exchange for offering its inventions to open standards, Nokia has earned the right to license them on fair, reasonable and non-discriminatory (FRAND) terms. Businesses can license and use these technologies without having to invest heavily in standards themselves, facilitating innovation and development of new products and services for consumers.
Resources and additional information
Webpage: nokia.com/licensing
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