Nokia Signed 5G Patent Cross-license Agreement With Vivo; Financial Terms Not Disclosed
Portfolio Pulse from Charles Gross
Nokia has entered into a multi-year patent cross-license agreement with vivo, under which vivo will make royalty and catch-up payments to Nokia. This agreement resolves all pending patent litigation between the two companies across all jurisdictions. The financial terms of the agreement were not disclosed.
February 05, 2024 | 9:44 am
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Nokia's agreement with vivo includes royalty payments and resolves all pending litigation, potentially boosting Nokia's licensing revenue.
The agreement with vivo is likely to have a positive impact on Nokia's short-term financial performance due to the expected royalty payments and the resolution of litigation, which removes legal uncertainties and potential costs. However, without the financial terms being disclosed, the exact magnitude of the impact remains uncertain.
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