Nokia has signed a multi-year 5G patent licence agreement with Chinese smartphone vendor Vivo, about two weeks after it resolved a patent litigation with Oppo – a sister brand of Vivo. The Finnish company said that it will begin recognising net sales from the deal in the first quarter of 2024.
“The agreement resolves all pending patent litigation between the parties, in all jurisdictions.The terms of the agreement remain confidential as agreed between the parties,” Nokia said in a statement.
“Nokia has now almost completed its smartphone licence renewal cycle,” the company added.
As per news agency Reuters, it was Nokia’s sixth major smartphone licensing agreement in the past 13 months. The company has also signed deals with other smartphone makers, including Apple, Samsung, Honor and Huawei.
The group reportedly last month said it expected Nokia Technologies, its intellectual property licensing business, to generate at least 1.4 billion euros ($1.51 billion) of operating profit in 2024.
What Vivo has to say
Meanwhile, Vivo said that the deal is significant in fostering a positive development environment in the industry.
“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,” said Xianwen Xu, General Manager of Legal Affairs Department at Vivo Mobile Communication, as per The Economic Times.
Vivo-Nokia patent dispute
In June last year, Vivo became the third company after Oppo and OnePlus (all part of China’s BBK Electronics) to suspend sales of its smartphones and other products in Germany due to Nokia patent lawsuit against it.
At that time, Vivo confirmed on its website that it was working with Nokia (the Finnish equipment supplier) to be able to resolve the situation with the company and resume the sales of its phones.
“The agreement resolves all pending patent litigation between the parties, in all jurisdictions.The terms of the agreement remain confidential as agreed between the parties,” Nokia said in a statement.
“Nokia has now almost completed its smartphone licence renewal cycle,” the company added.
As per news agency Reuters, it was Nokia’s sixth major smartphone licensing agreement in the past 13 months. The company has also signed deals with other smartphone makers, including Apple, Samsung, Honor and Huawei.
The group reportedly last month said it expected Nokia Technologies, its intellectual property licensing business, to generate at least 1.4 billion euros ($1.51 billion) of operating profit in 2024.
What Vivo has to say
Meanwhile, Vivo said that the deal is significant in fostering a positive development environment in the industry.
“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,” said Xianwen Xu, General Manager of Legal Affairs Department at Vivo Mobile Communication, as per The Economic Times.
Vivo-Nokia patent dispute
In June last year, Vivo became the third company after Oppo and OnePlus (all part of China’s BBK Electronics) to suspend sales of its smartphones and other products in Germany due to Nokia patent lawsuit against it.
At that time, Vivo confirmed on its website that it was working with Nokia (the Finnish equipment supplier) to be able to resolve the situation with the company and resume the sales of its phones.
