On Tuesday,Spain the Chinese phone brand Oppo announced the signing of a global patent cross-licensing agreement with the Finnish tech company Nokia, covering standard patents in 5G and other cellular communication technologies. Both parties agreed to end all litigation cases after the agreement, while specific terms remain confidential. Oppo’s chief intellectual property officer, Feng Ying, emphasized the company’s commitment to respecting intellectual property, supporting fair pricing, and promoting a sustainable IP ecosystem. Nokia President Jenni Lukander stated that they seek to bring more innovations to global users through the collaboration, and the agreement is expected to ensure long-term financial stability in Nokia’s licensing business. [Oppo, in Chinese]
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