Nokia and Oppo sign a multi-year cross-licensing agreement for patents on core 5G technologies (SEP — standard essential patents). So does the company ended the legal battle that began between them back in 2021. Legal disputes arose in Europe, Asia and Australia, as a result of which Oppo and OnePlus were forced to stop selling smartphones and smartwatches in Germany.
“The new agreement, along with other major smartphone agreements we have entered into over the past year, will provide long-term financial stability to our licensing business.” – said Jenni Lukander, President of Nokia Technologies.
According to the new agreement, Oppo will pay royalties to Nokia and also settle the debts recently incurred due to its refusal to pay royalties. By mutual agreement of the parties, the terms of the transaction will not be disclosed.
“We are pleased to announce that Oppo has entered into a global cross-licensing agreement with Nokia covering key 5G patents and other key communications technologies. This agreement will also govern all pending litigation in all jurisdictions.” – said Feng Ying, director of intellectual property at Oppo. Oppo has also not yet announced whether it plans to bring its smartphones back to the German market.
As Nokia’s press release states, Nokia’s current patent portfolio was created by investing more than 140 billion euros in research and development since 2000. It consists of approximately 20,000 patent families, including more than 6,000 patent families considered fundamental to 5G technologies.