Nokia Signs Patent Licence Agreement with China-based Oppo

Nokia Signs Patent Licence Agreement with China-based Oppo

2018/11/30

Finland-based telecoms company Nokia on November 26 announced that it has signed a “multi-year” patent licence agreement with Chinese smartphone maker Oppo Electronics. It comes after Nokia entered into a patent deal with another Chinese electronics company, in 2017. Under that business cooperation and patent agreement, Xiaomi acquired patents from Nokia and the Finnish company agreed to help Xiaomi advance its technology. Terms of the agreement between Nokia and Oppo are confidential, though Nokia said that Oppo will make payments to it for the multi-year licence period. Maria Varsellona, chief legal officer at Nokia and president of Nokia Technologies, said: “Oppo is one of the leaders in the smartphone industry and we are pleased to welcome them as a Nokia licensee. This agreement further validates our global licensing programme.” In October, Oppo claimed that one of its phones had successfully completed 5G internet access, in a first for the entire industry. The Chinese company is planning to launch 5G phones in 2019.

Source: WIPR




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