HELSINKI - In a significant development for the tech industry, Nokia (HE:NOKIA) and Oppo have announced a cross-license agreement that resolves their global patent litigation concerning 5G technology. The agreement, reached today, puts an end to a legal dispute that had notably impacted Oppo's operations in European markets.
The settlement has substantial implications for both companies. Under the terms of the confidential agreement, Oppo will make royalty payments to Nokia. This financial arrangement is anticipated to bolster Nokia's intellectual property licensing revenue, contributing to the company's financial stability.
Moreover, the agreement paves the way for Oppo to potentially resume business in crucial European markets such as Germany, where its presence had been affected by the legal battles. The resolution is seen by both Nokia and Oppo as a positive move towards promoting innovation and respecting intellectual property rights within the technology sector.
Oppo, a leading smart device manufacturer from Shenzhen, boasts an impressive intellectual property portfolio encompassing over 5,900 patent families globally. More than 3,300 of these patents have been declared as standard-essential at ETSI and over 11,000 documents have been submitted to standard-setting entity 3GPP—underscoring their influential role in technology innovation. Industry reports by CAICT and IPlytics cite Oppo as a top-tier holder of crucial patents for next-gen cellular technologies.
Since debuting its inaugural "Smiley Face" mobile phone back in 2008, Oppo has diversified into a formidable global brand featuring advanced smart devices like those from its Find series and Reno series. Complementing their hardware offerings is their bespoke operating system ColorOS along with internet services such as OPPO+. With a footprint in over sixty countries and regions supported by a workforce that surpasses forty thousand employees, Oppo continues to forge ahead in delivering superior user experiences around the globe.
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