Nokia signs 5G patent license agreement with Honor
Nokia has announced that it has signed a new patent cross-license agreement with Honor covering both parties’ fundamental inventions in 5G and other cellular technologies. The terms of the agreement remain confidential between the parties.
Susanna Martikainen, Chief Licensing Officer Mobile Devices at Nokia said: “We have concluded an amicable patent cross-license agreement with Honor, one of the leading players in the Chinese smartphone market. It is the fourth major litigation-free smartphone agreement that Nokia has concluded over the past twelve months and highlights once again the strength of Nokia’s patent portfolio and decades-long contributions to 5G, other cellular standards and technologies.”
\Wenyu Zhou, Head of Global Intellectual Property at Honor said: “As both 5G SEP holder and implementor, Honor highly respects IP rights and strongly believes that reasonable value of IP is important to the development of mobile industry. The conclusion of the patent cross-license agreement shows Honor’s commitment on innovation to enabling a smart life across all scenarios and all channels, for all people.”
Nokia’s industry-leading patent portfolio is built on more than €140 billion invested in R&D since 2000 and is composed of around 20,000 patent families, including over 6,000 patent families declared essential to 5G. Nokia contributes its inventions to open standards in return for the right to license them on fair, reasonable and non-discriminatory (FRAND) terms. Companies can license and use these technologies without the need to make their own substantial investments in the standards, fueling innovation and the development of new products and services for consumers.
In an earlier statement at the end of 2023, Nokia said it expects that it will not achieve its 2023 financial outlook as licensing renewal discussions are expected to continue into 2024. Resolution is now expected to occur in 2024 and therefore benefit Nokia’s financial performance in 2024 (including associated catch-up payments). While there have been intense negotiations between the relevant parties and courts around the world have found in Nokia’s favor, the company will prioritize protecting the value of its patent portfolio versus achieving certain timelines for resolution.
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
