Nokia Signs 5G Patent Cross-License Agreement with vivo

Nokia signed a multi-year patent cross-license agreement with vivo. Under the agreement vivo will make royalty payments to Nokia, along with catch-up payments to cover the dispute period. 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.

“This is the sixth major smartphone patent license agreement we have signed in the past thirteen months, and we have now almost completed our smartphone license renewal cycle. Together these licensing agreements demonstrate Nokia’s significant contribution to developing key technologies relied upon by the entire smartphone industry and they will provide long-term stability to our licensing business for years to come,” said Jenni Lukander, President of Nokia Technologies. “We are delighted to have reached an agreement with vivo which reflects mutual respect's intellectual property rights. vivo is one of the leading players in the global smartphone industry. We look forward to bringing more innovation to their users around the world through our collaboration.”

The agreement is consistent with the assumptions that Nokia has disclosed for Nokia Technologies in its Financial Report for Q4 issued on 25 January 2024. Nokia will begin recognizing net sales from this agreement, including catch-up payments covering the periods of non-payment, in Q1 2024. Nokia Technologies is progressing toward the conclusion of the smartphone licensing renewal cycle and is making good progress in its growth areas of automotive, consumer electronics, IoT, and multimedia. It remains confident that its annual net sales run-rate will return to €1.4 to 1.5 billion in the mid-term.