# Nokia signs 5G patent deal with China’s Vivo
Published: 2024-02-05
Category: News
Category URL: https://internationalreleases.com/category/news/
Meta Title: Nokia and Vivo Seal 5G Patent Deal, Boosting Innovations
Meta Description: Discover how Nokia's new 5G patent agreement with Vivo advances tech and resolves litigation, setting industry benchmarks.
URL: https://internationalreleases.com/nokia-signs-5g-patent-deal-with-chinas-vivo/

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HELSINKI (Reuters) -Finnish telecom equipment maker Nokia said on Monday it has signed a multi-year 5G patent license agreement with Chinese smartphone vendor Vivo and will begin recognizing net sales from the deal in the first quarter of 2024.

“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,” Nokia said in a statement.

It was Nokia’s 6th major smartphone licensing agreement in the past 13 months and follows deals with Apple, Samsung, OPPO, Honor, and Huawei.

“Nokia has now almost completed its smartphone license renewal cycle,” the company said.

The group last month said it expected Nokia Technologies, its intellectual property licensing business, to generate at least 1.4 billion euros ($1.51 billion) of operating profit in 2024.

($1 = 0.9276 euros)

(Reporting by Anne Kauranen, writing by Terje Solsvik, editing by Stine Jacobsen)


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