Nokia Signs Multi-Year 5G Patent Agreement with Vivo

Nokia has been making significant strides in the 5G patent agreement space, with a recent deal signed with Chinese smartphone maker vivo. This multi-year cross-license agreement brings several benefits to both companies and marks another milestone for Nokia’s smartphone license renewal cycle.

Key Points:
– Nokia has signed a multi-year cross-license agreement with vivo, resolving all pending patent litigations between the parties.
– The terms of the agreement remain confidential, but it allows vivo to return to the German market after losing a lawsuit filed by Nokia.
– This is the sixth major smartphone patent license agreement Nokia has signed in the past thirteen months, which demonstrates its significant contribution to developing key technologies relied upon by the entire smartphone industry.
– Nokia expects its intellectual property licensing business to generate around €1.4 billion ($1.5 billion) in the mid-term.

Nokia’s president of Nokia Technologies, Jenni Lukander, highlights the importance of these agreements in providing long-term stability to the company’s licensing business. This latest deal adds to a growing list of agreements with major players in the smartphone industry such as Samsung, Honor, Huawei, Oppo, and Apple.

The Finnish company anticipates that its intellectual property licensing business will continue to play a crucial role in generating revenue, despite having invested around €150 billion in R&D. This ongoing success solidifies Nokia’s position as a key player in developing and licensing essential technologies for smartphones.

The signing of this 5G patent agreement further strengthens Nokia’s position as an industry leader and reinforces its commitment to innovation and collaboration within the telecommunications sector.