Nokia Signs 5G Patent Deal With China's Oppo, Ending Dispute
January 24 2024 - 2:03AM
Dow Jones News
By Dominic Chopping
Nokia signed a multiyear patent cross-license agreement with
Oppo Mobile Telecommunications, bringing to an end a yearslong
dispute over the Chinese smartphone maker's use of the Finnish
company's patented 5G technology in its devices.
Nokia and Oppo had a 5G patent license agreement that ran from
2018 to the end of June 2021, but after failing to agree on a new
deal, Nokia initiated legal action in a number of countries.
Wednesday's agreement resolves all pending patent litigation
between the parties in all jurisdictions and will see Oppo make
royalty payments along with catch-up payments to cover the periods
of non-payment, Nokia said.
Terms of the agreement weren't disclosed, but Nokia said it will
begin recognizing net sales from the deal in the first quarter of
2024.
Nokia Technologies, the unit that houses the Finnish telecom
equipment provider's patent portfolio, is confident that its annual
net sales run-rate will return to 1.4 billion to 1.5 billion euros
($1.52 billion-$1.63 billion) in the midterm, it said.
Nokia said its patent portfolio is built on more than EUR140
billion of research and developments investments since 2000 and is
composed of around 20,000 patent families, including more than
6,000 patent families deemed essential to 5G.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
January 24, 2024 02:48 ET (07:48 GMT)
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