By 
On January 24, 2024, OPPO, a well-known manufacturer of smart devices, announced a significant milestone in Shenzhen, China. The company has entered into a global patent cross-license agreement with Nokia, covering essential patents related to 5G and other cellular technologies. As part of this strategic collaboration, both parties have agreed to resolve pending legal disputes in all relevant jurisdictions.
OPPO’s Chief Intellectual Property Officer Feng Ying stated, “We are pleased to have reached this global patent cross-license agreement with Nokia, which includes cross-licensing for 5G standard-essential patents. This agreement reflects the mutual recognition and respect for each other’s intellectual property and lays the foundation for future collaboration between OPPO and Nokia. OPPO continues to advocate for reasonable royalty fees and a long-term approach to intellectual property that supports the resolution of disputes through amicable negotiations and mutual respect for the value of all intellectual property.”
As per the new agreement, Oppo will make royalty payments to Nokia alongside catch-up payments to cover the periods of non-payment. The exact terms of the deal remain confidential per mutual agreement between the two sides.
Nokia Technologies President Jenni Lukander stated: “We are delighted to have reached a cross-license agreement with OPPO that reflects the mutual respect for each other’s intellectual property and Nokia’s investments in R&D and contributions to open standards. OPPO is one of the leading companies in the global smartphone market, and we look forward to working together to bring further innovation to their users around the world. The new agreement – along with the other major smartphone agreements we have concluded over the past year – will provide long-term financial stability to our licensing business.”
Since 2008, OPPO has led the way in the development of smart devices worldwide. Products like the Find and Reno series combine innovation and design. Not only does it touch lives worldwide through its gadgets, but it also offers internet services and ColorOS. OPPO seeks to provide a better customer experience and has operations in more than 60 countries with 40,000 workers.
Comments