OPPO

OPPO and Nokia sign 5G patent cross-license agreement

EQS Newswire / 24/01/2024 / 09:00 CET/CEST

SHENZHEN, CHINA - Media OutReach Newswire - 24 January 2024 - Leading smart device company OPPO today announced that it has signed a global patent cross-license agreement with Nokia covering standard-essential patents in 5G and other cellular communication technologies. Following the agreement, both parties will resolve all pending litigation in all jurisdictions. The specific terms of the agreement are confidential as per mutual agreement.

Feng Ying, Chief Intellectual Property Officer at OPPO, stated, "We are pleased to have reached this global patent cross-license agreement with Nokia, which includes cross-licensing for 5G standard-essential patents. This agreement reflects the mutual recognition and respect for each other's intellectual property and lays the foundation for future collaboration between OPPO and Nokia. OPPO continues to advocate for reasonable royalty fees and a long-term approach to intellectual property that supports the resolution of disputes through amicable negotiations and mutual respect for the value of all intellectual property."

Jenni Lukander, President of Nokia Technologies, said: "We are delighted to have reached a cross-license agreement with OPPO that reflects the mutual respect for each other's intellectual property and Nokia's investments in R&D and contributions to open standards. OPPO is one of the leading companies in the global smartphone market and we look forward to working together to bring further innovation to their users around the world. The new agreement - along with the other major smartphone agreements we have concluded over the past year - will provide long-term financial stability to our licensing business."


As a key rights holder of 5G standard-essential patents and a global leader in smart device innovation, OPPO is both an innovation and implementor of technology standards. As of December 31, 2023, OPPO has deployed 5G communication standard patents in over 40 countries and regions, with a total of more than 5,900 patent families globally, over 3,300 5G standard patents declared to ETSI, and more than 11,000 standard documents submitted to 3GPP. According to the 2023 5G report published by the China Academy of Information and Communications Technology (CAICT) and a report from IPlytics published in October 2023, OPPO ranks among the top companies globally in terms of 5G standard-essential patent strength.

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The issuer is solely responsible for the content of this announcement.About OPPOOPPO is a leading global smart device brand. Since the launch of its first mobile phone - "Smiley Face" - in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services such as OPPO Cloud and OPPO+. OPPO has footprints in more than 60 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world.

News Source: Media OutReach

24/01/2024 Dissemination of a Financial Press Release, transmitted by EQS News.
The issuer is solely responsible for the content of this announcement.

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