Nokia and Vivo Sign 5G Patent Cross-License Agreement

Nokia and Vivo have reached a significant milestone in their relationship by signing a multi-year patent cross-license agreement.

This agreement, aimed at resolving all pending patent litigation between the two parties, signifies a step towards fostering positive development within the industry.

Resolution of Patent Disputes

The agreement entails Vivo making royalty payments to Nokia, accompanied by catch-up payments to cover the dispute period. This resolution follows Nokia's recent settlement with Oppo over 5G patents.

Long-Term Stability for Nokia

In a notable achievement, Jenni Lukander, President of Nokia Technologies, drew attention to the importance of a recent agreement. This marks the sixth significant smartphone patent license deal secured by Nokia within the past thirteen months. Lukander stressed that these agreements serve as a testament to Nokia's substantial contributions to crucial technologies in the smartphone industry, thereby providing long-term stability for its licensing business.

Mutual Respect for Intellectual Property

Both Nokia and Vivo expressed mutual respect for each other's intellectual property rights. Xianwen Xu, General Manager of the Legal Affairs Department at Vivo, emphasized the agreement's role in fostering a positive development environment within the industry. The collaboration between Nokia and Vivo is poised to bring more innovation to users worldwide, reflecting their commitment to delivering cutting-edge products and services.

Expanding Collaborative Opportunities

By fostering a positive development environment within the industry, the agreement lays the groundwork for joint research and development efforts, leading to the creation of new technologies and solutions that benefit consumers worldwide.
Looking Ahead

Nokia Technologies is progressing towards the conclusion of its smartphone licensing renewal cycle, while also making strides in growth areas such as automotive, consumer electronics, IoT, and multimedia. With a confident outlook, Nokia anticipates a return to its annual net sales run-rate in the mid-term, aiming for €1.4 to €1.5 billion.

Source

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