5G patent cross-license agreement signed – India TV

Nokia has reportedly signed a 5G patent cross-license agreement with the global smartphone brand- OPPO that cover Nokia’s fundamental inventions in cellular technologies. Under the new agreement, OPPO will make royalty payments, along with catch-up payments to cover the periods of non-payment. The agreement will resolve all pending patent litigation between the parties, in all jurisdictions- report further stated. The terms of the agreement remain confidential as agreed between the parties, the companies said in a statement.

Jenni Lukander, President of Nokia Technologies said, “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.”

Feng Ying, OPPO’s Chief Intellectual Property Officer, said that they are pleased to have reached this global patent cross-license agreement with Nokia, which further includes cross-licensing for 5G standard-essential patents.

Ying further said, “OPPO continues to advocate for reasonable royalty fees and a long-term approach to intellectual property that supports the resolution of disputes through amicable negotiations and mutual respect for the value of all intellectual property.”

Last year, OPPO deposited with the Delhi High Court with 23 per cent of the amount generated from its sales in India for infringing upon Nokia’s patent.

As per the sources, the Chinese company deposited 23 per cent to Nokia from the sale of around 77 million devices in India since 2019, before the court-set deadline of August 25. However, the exact amount deposited by OPPO could not be ascertained.

The Supreme Court had dismissed OPPO’s plea against a Delhi HC order which directed the company to deposit 23 per cent of the amount generated from its sales in the country for infringing upon Nokia’s patent.

Courts in India, Germany, the UK, the Netherlands, and Brazil have all given their verdicts in Nokia’s favour. OPPO secured a licence from Nokia in 2018 for using some of the Finnish telecom gear company’s technology for three years.

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Inputs from IANS

Nokia has reportedly signed a 5G patent cross-license agreement with the global smartphone brand- OPPO that cover Nokia’s fundamental inventions in cellular technologies. Under the new agreement, OPPO will make royalty payments, along with catch-up payments to cover the periods of non-payment. The agreement will resolve all pending patent litigation between the parties, in all jurisdictions- report further stated. The terms of the agreement remain confidential as agreed between the parties, the companies said in a statement.

Jenni Lukander, President of Nokia Technologies said, “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.”

Feng Ying, OPPO’s Chief Intellectual Property Officer, said that they are pleased to have reached this global patent cross-license agreement with Nokia, which further includes cross-licensing for 5G standard-essential patents.

Ying further said, “OPPO continues to advocate for reasonable royalty fees and a long-term approach to intellectual property that supports the resolution of disputes through amicable negotiations and mutual respect for the value of all intellectual property.”

Last year, OPPO deposited with the Delhi High Court with 23 per cent of the amount generated from its sales in India for infringing upon Nokia’s patent.

As per the sources, the Chinese company deposited 23 per cent to Nokia from the sale of around 77 million devices in India since 2019, before the court-set deadline of August 25. However, the exact amount deposited by OPPO could not be ascertained.

The Supreme Court had dismissed OPPO’s plea against a Delhi HC order which directed the company to deposit 23 per cent of the amount generated from its sales in the country for infringing upon Nokia’s patent.

Courts in India, Germany, the UK, the Netherlands, and Brazil have all given their verdicts in Nokia’s favour. OPPO secured a licence from Nokia in 2018 for using some of the Finnish telecom gear company’s technology for three years.

ALSO READ: Microsoft working on affordable GenAI models | All you need to know

Inputs from IANS