Nokia signed a multi-year patent cross-license agreement with OPPO.
Under the agreement OPPO will make royalty payments, along with catch-up payments to cover the periods of non-payment. 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.
Jenni Lukander, President of Nokia Technologies, said: “We are delighted to have reached a cross-license agreement with OPPO that reflects the mutual respect for each other’s intellectual property and Nokia’s investments in R&D and contributions to open standards. OPPO is one of the leading companies in the global smartphone market and we look forward to working together to bring further innovation to their users around the world. The new agreement - along with the other major smartphone agreements we have concluded over the past year - will provide long-term financial stability to our licensing business.”
Nokia’s patent portfolio is composed of around 20,000 patent families, including over 6,000 patent families declared essential to 5G.
