#nokia 5g

Nokia has announced the signing of a multi-year patent cross-license agreement with vivo, marking the resolution of all pending patent litigation between the two companies across various jurisdictions. As part of the agreement, vivo will make royalty payments to Nokia and catch-up payments to cover the dispute period. Jenni Lukander, President of Nokia Technologies, highlighted the significance of this agreement, being the sixth major smartphone patent license deal within the past thirteen months. Lukander emphasized Nokia's substantial contribution to essential technologies in the smartphone industry and how these agreements contribute to the long-term stability of Nokia's licensing business. We look forward to bringing more innovation to their users around the world through our collaboration." Xianwen Xu, General Manager of Legal Affairs Department at vivo Mobile Communication Co., Ltd., echoed the sentiment, stating, "We are pleased to have reached a global cross-license agreement with Nokia. Nokia anticipates recognizing net sales from this agreement, including catch-up payments, in Q1 2024. While progressing towards the conclusion of its smartphone licensing renewal cycle, Nokia Technologies is making strides in growth areas such as automotive, consumer electronics, IoT, and multimedia. Nokia remains confident in returning to an annual net sales run-rate of EUR 1.4 to 1.5 billion in the mid-term. Read more in our articles including "Nokia and vivo enter into cross-license agreement for 5G patents" and "Globe selects Nokia to rollout 5G in the Philippines in 3-year deal".