Nokia today announced it has signed a multi-year 5G patent license agreement with vivo. Under the agreement, vivo will make royalty payments to Nokia for its use of Nokia’s cellular standard essential patents, along with catch-up payments covering the previous dispute period.
The mutually agreed license resolves all patent litigation between the two companies across all jurisdictions. The specific terms of the agreement remain confidential.
“This is the sixth major smartphone patent license agreement we have signed in the past thirteen months, and we have now almost completed our smartphone license renewal cycle. Together these licensing agreements demonstrate Nokia’s significant contribution to developing key technologies relied upon by the entire smartphone industry and they will provide long-term stability to our licensing business for years to come.
“We are delighted to have reached an agreement with vivo which reflects mutual respect for each other’s intellectual property rights. vivo is one of the leading players in the global smartphone industry. We look forward to bringing more innovation to their users around the world through our collaboration.”
– Jenni Lukander, President of Nokia Technologies
“We are pleased to have reached a global cross-license agreement with Nokia. Signing the agreement, reflects the mutual recognition and respect for each other’s patent value in cellular technology and it also plays a significant role in fostering a positive development environment within the industry. We are dedicated to investing in R&D of smart devices and intelligent services, providing extraordinary hi-tech products and services for users worldwide.”
– Xianwen Xu, General Manager of Legal Affairs at vivo
Nokia will start recognizing sales related to this vivo agreement, including catch-up payments, in Q1 2024. This agreement is in line with Nokia’s previous assumptions for its licensing business. Nokia Technologies remains confident in returning to €1.4-1.5 billion in annual sales in the mid-term as it continues concluding its smartphone licensing renewals.
Emman has been writing technical and feature articles since 2010. Prior to this, he became one of the instructors at Asia Pacific College in 2008, and eventually landed a job as Business Analyst and Technical Writer at Integrated Open Source Solutions for almost 3 years.
