"Nokia and Oppo Reach Groundbreaking 5G Patent Resolution with Global Cross-License Agreement"

Nokia and Oppo Resolve 5G Patent Dispute with Cross-License Agreement
In a significant development, Nokia and Oppo have put an end to their prolonged patent infringement dispute by signing a multi-year cross-license agreement that encompasses 5G standard essential patents. This resolution follows a protracted legal battle dating back to 2021, which involved patent infringement lawsuits spanning across Europe, Asia, and Australia. Notably, the legal skirmish led to the temporary halt of Oppo and OnePlus phones and smartwatches sales in Germany.

Expressing satisfaction over the resolution, Jenni Lukander, President of Nokia Technologies, highlighted the newfound mutual respect for intellectual property and acknowledged Oppo's status as a key player in the global smartphone market. The collaboration is expected to foster further innovation for Oppo users worldwide.

Lukander emphasized the positive impact of the cross-license agreement on Nokia's licensing business, providing long-term financial stability. This accord adds to a series of major agreements Nokia has forged in the past year, consolidating its position in the dynamic smartphone industry.

Under the terms of the agreement, Oppo will make royalty payments to Nokia, coupled with catch-up payments to address periods of non-payment. The specific details of the deal remain confidential, in line with the mutual understanding between the two companies.

Oppo's Chief Intellectual Property Officer, Feng Ying, conveyed the company's satisfaction with the global cross-licensing agreement. The deal not only covers 5G standard-essential patents but also resolves all pending litigations across jurisdictions. Ying acknowledged Nokia's contributions to the global communication industry and expressed eagerness to collaborate for an enhanced communication experience for users worldwide.

This resolution marks a significant step forward for both Nokia and Oppo, fostering a collaborative atmosphere while ensuring the protection of intellectual property rights. As the smartphone industry continues to evolve, such agreements contribute to a more stable and innovative landscape.

Comments