Nokia signs multi-year patent cross-license agreement with vivo

Nokia announced it has signed a multi-year patent cross-license agreement with vivo. Under the agreement vivo will make royalty payments to Nokia, along with catch-up payments to cover the dispute period. 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. The agreement is consistent with the assumptions that Nokia has disclosed for Nokia Technologies in its financial report for Q4 issued on January 25. Nokia will begin recognizing net sales from this agreement, including catch up payments covering the periods of non-payment, in Q1. Nokia Technologies is progressing towards the conclusion of the smartphone licensing renewal cycle and is making good progress in its growth areas of automotive, consumer electronics, IoT and multimedia. It remains confident that its annual net sales run-rate will return to EUR 1.4B to EUR 1.5B in the mid-term. Nokia’s patent portfolio is built on around EUR 150B 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 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.