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Nokia, vivo End Patent Dispute: Chinese Phones Return to Europe After Royalty Deal
Feb 06, 2024 Chathura Prabhaswara Gamage News 2066 hits
Nokia, vivo End Patent Dispute: Chinese Phones Return to Europe After Royalty Deal
The mobile landscape shifted today as Nokia and vivo signed a multi-year patent cross-licensing agreement, resolving all legal disputes and paving the way for vivo's triumphant return to the European market. This deal secures royalties and catch-up payments for Nokia, marking a major win in their licensing renewal cycle. vivo expressed "mutual respect" for Nokia's technology, highlighting the agreement's contribution to a positive industry environment. With this strategic partnership, both companies look forward to long-term stability and continued innovation in the 5G era.
- Vivo to Pay Royalties and Catch-up Payments: vivo has agreed to pay royalties to Nokia for the use of its intellectual property, including catch-up payments for the dispute period.
- Dispute Resolved, European Market Opens: The agreement ends all ongoing patent litigation between Nokia and vivo, allowing vivo to resume selling its smartphones in Europe.
- Nokia's Licensing Cycle Nears Completion: This deal marks a significant step towards completing Nokia's smartphone licensing renewal cycle.
- Long-Term Stability for Nokia: Nokia President of Technologies, Jenni Lukander, expects this agreement to provide "long-term stability" to the company's licensing business for years to come.
- Mutual Respect and Industry Development: Both Nokia and vivo expressed mutual respect for each other's intellectual property and believe the agreement fosters a positive environment for industry development.
Nokia, vivo, patent agreement, cross-licensing, royalties, 5G technology, European market, smartphone licensing, Jenni Lukander, Nokia Technologies
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