After signing the agreement, Oppo has joined the list of other major companies including Samsung, Huawei and Xiaomi, using intellectual property of Nokia
Finnish telecommunication major Nokia said on Monday that it has inked a patent license agreement with Chinese consumer electronics and mobile communication company Oppo. As a part of the agreement, Oppo will make payments to Finnish giant for a multi-year license period. However, the terms of the agreement were not revealed by Nokia.
Commenting on the development, Maria Varsellona, Nokia Chief Legal Officer and President of Nokia Technologies, said, “Oppo is one of the leaders in the smartphone industry and we are pleased to welcome them as a Nokia licensee.”
“This agreement further validates our global licensing program,” she added.
The “terms of the agreement” will remain confidential between both parties, the company said in a statement.
It seems that the Chinese consumer electronics maker will now rely on the biggest license holder in the world for mobile connectivity patents.
After signing the agreement, Oppo has joined the list of other major companies including South Korean multinational Samsung and Chinese majors Huawei and Xiaomi, using intellectual property of Nokia in the coming five years.
In spite of its relatively new entry to the world smartphone market, Oppo continues to gain its footprint in the market by introducing a slew of new smartphones in 2018, including the Oppo F7 and Oppo Find X with a ‘pop up’ camera.
Vast patent portfolio
The patent portfolio of Nokia consists of more than 26,000 patent families. These originate from its three different organisations including Nokia Solutions and Networks, Nokia Technologies and Alcatel Lucent. The Finnish multinational holds a considerable share of essential patents related to 3G radio, GSM and 4G LTE technologies. Several of these technologies were developed, when the company was a leader in the mobile handset business.
In addition, the company comprises patents related to Wi-Fi and video technologies as well as standards that cut down the need for hardware components in phones, enhance radio reception and improve battery life.